Basen Agricultural and Industrial Development PLC Sample Clauses

Basen Agricultural and Industrial Development PLC. In 2004, the Ethiopian Basen Company leased 10,000 ha of land in Abobo District from Gambella Regional State at a lease rate of ETB 30 (US$ 1.6) per ha per year. The lease rate was amended to be ETB 111 (US$ 5.8) per ha per year from 2012 onwards. In eight years, Xxxxx has managed to develop close to 3,569 ha of land, with cotton being the major crop under cultivation. The land transferred to the company was partly covered by open and closed forests, bushes and shrubs (Table 1.1). It was freely used for cultivation of food crops and livestock grazing by immigrants from highland Ethiopia (Southern and Northern Ethiopia) who settled there in 1984. Those who managed to cultivate more plots, in addition to what they own, used to cultivate freely and produce food. In addition, their relatives from the highlands came to live with them due to easy availability of land for farming. In this regard, the study found that 86% of the villagers settled in the area because of a military junta resettlement scheme established in 1984. The remaining 14% settled later due to land availability. Many relatives of the settlers even started farming in the period of the current government regime.
Sample 1
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Related to Basen Agricultural and Industrial Development PLC

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