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STORY HIGHLIGHTS
- Indian company Karuturi Global Ltd., is leasing 300,000 hectares (741,000 acres) of land, an area larger than Luxembourg in Gambela.
- The land is FREE for the first six years and after that, it will pay 15 birr (U.S. $1.18) per hectare per year for the next 84 years [or until the end of Woyane regime, which ever comes first]
- Ethiopian workers get less than the World Bank’s $1.25-per-day poverty threshold
- company expects to earn more than $100 million by 2013
- Ethiopian government plans to allot 3 million hectares, or about 4 percent of its arable land, to foreign investors over the next three years.
- Ethiopians are being exploited in their own country by foreigners
- Ethiopians in the region were not consulted when their land was taken over by foreigners
Ethiopian Farms Lure Investor Funds as Workers Live in Poverty
Dec. 31 (Bloomberg) -- Until last year, people in the Ethiopian settlement of Elliah earned a living by farming their land and fishing. Now, they are employees.
Dozens of women and children pack dirt into bags for palm seedlings along the banks of the Baro River, seedlings whose oil will be exported to India and China. They work for Bangalore- based Karuturi Global Ltd., which is leasing 300,000 hectares (741,000 acres) of local land, an area larger than Luxembourg.
The jobs pay less than the World Bank’s $1.25-per-day poverty threshold, even as the project has the potential to enrich international investors with annual earnings that the company expects to exceed $100 million by 2013.
“These Indians do not have any humanity,”
“Just because we are poor it doesn’t make us less human.”Mr. Obank, Ethiopian worker of Karuturi
The jobs pay less than the World Bank’s $1.25-per-day poverty threshold, even as the project has the potential to enrich international investors with annual earnings that the company expects to exceed $100 million by 2013.
......
Under the agreement with Ethiopia’s government, Karuturi pays no rent for the land for the first six years. After that, it will pay 15 birr (U.S. $1.18) per hectare per year for the next 84 years.
Land of similar quality in Malaysia and Indonesia would cost about $350 per hectare per year, and tracts of that size aren’t available in Karuturi Global’s native India, Karuturi said.
....
Workers in Elliah say they weren’t consulted on the deal to lease land around the village, and that not much of the money is trickling down.
....
The project will give the government revenue from corporate income taxes and from future leases, as well as from job creation, said Omod Obang Olom, president of Ethiopia’s Gambella region and an ally of Prime Minister Meles Zenawi’s ruling party.
, but now the same people object to any other Foreigners investing in Ethiopia, perhaps the land should just lay fallow and the 1000's possible jobs go uncreated? yet 90% of you talking don't even hold Ethiopian passports anymore
you all ran to the US and EU and got US/EU passports, and now you dare to call your selves Ethiopian's hmm Ethiopians my foot! 
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