Jul 11 , 2021
The Oromia Investment Commission has snatched the business licenses of 145 investors for their failure to get projects off the ground. The revocation also includes the repossession of over 6,000ht of land, which has been handed over to the regional land management office. The Commission has so far given licenses to 4,500 foreign and domestic investors in Oromia Regional State. Most are for works related to agriculture, agro-processing, manufacturing and tourism. Over 200 investments have gone operational over the past year, although projects in the region face challenges due to shortages in foreign exchange, electric power supply, and cement.
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