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| Posted to the web on August 2, 2009 |
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Gambella, August 1, 2009 (Gambella) - ENA Saturday Cassette No.1 Cut.4
The Gambella State Investment Agency said it has issued licenses to some 192 investors with a combined capital of over 903 million Birr in the just-ended Ethiopian budget year.
Agency Director General, Chenkuat David told ENA that the investors would be engaged, among others, in agriculture, agro-industry, real state and catering in some five Woredas and Gambella town.
Some 68 of the investors have already launched construction.
He said the State's Administration provided more than 190,000 hectares of land to the investors.
The number of investors who have been licensed during the reported period surpassed that of same time the previous year by over three-fold.
The head said up on going fully operational the investment projects are expected to create job opportunities to more than 80,000 unemployed compatriots.
Some 290 local and foreign investors with a capital of 3.8 billion Birr have been engaged in the State.
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Source: Government of Ethiopia
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