Policy Bank to Auction off Three Farms

Oct 31 , 2020

The Development Bank of Ethiopia has put up the collateralised properties of Tagy Rose Integrated Farm, Tericordia Integrated Farm and Walga Agro-Industry for auction. The properties are located in Gambella Regional State in the southwestern part of the country. The Regional State, with vast amounts of fertile land and a lightly populated area, has been in the midst of massive controversial loans that have gone unpaid. The Bank intends to sell the buildings, vehicles, farm machinery, and the developed lands of the three farms. Located in Agnuwa Zone, Tagy Rose Integrated Farm and Tericordia Integrated Farm control 1,500ha and 2,071ha of land, respectively. The 110-year-old Bank has put the sale of Tagy and Tericordia at a floor price of 24.9 million Br and 33.4 million Br, respectively. Walga Agro-Industry Plc, which is located in Majang Zone and has 1,381ha of land, is expected to be sold at a floor price of 10.8 million Birr.



Addis Abeba strives to be a city of distinction with a glamorous look. But lately, most parts of the city are overwhelmed by informal street vendors. Underneath the bridge around La Gare, commonly known as Lagahar, a street vendor sells pieces of watermelon from a mobile pushcart. Watermelon is a flowering plant species with more than 1,000 varieties worldwide. It lowers high blood pressure and cholesterol levels when taken regularly. Ethiopia exported 483tns of watermelon to Djibouti in 2018, w...



Since its establishment during the reign of Emperor Haile Selassie, Meskel Square, on the interseciotn of Africa, Ras Mekonen and Jomo Kenyatta avenues, has been one of the landmarks of Addis Abeba. Having been the site for public gatherings, rallies and festivities like (Meskel celebration), the Square laid out a somewhat classy atmosphere to the city and has become a recreational centre with a mesmerizing look. Following the Beautifying Sheger Initiative, the refurbishment of the Square was in...



Addis Abeba's Stadium neighbourhood has been home to driving and cycling trainees for decades. Homeless children favour the location for its open spaces and high traffic. They ride rented bikes around on a school day. Pangs of hunger are numbed out by riding in circles on top of colourful bikes for the children. They were escaping vicious cycles of poverty on top of bicycles, if only for minutes...