VOA News | 28 September 2018
by Sora Halake
Ethiopian officials have revoked land leases in Addis Ababa that were held by dozens of investors, including Ethiopian-born Saudi billionaire Mohammed Hussein al-Amoudi.
A total of 412.6 hectares of land have been returned to the Addis Ababa Land Bank and Transfer Office, office head Tesfaye Tilahun told the VOA Horn of Africa service this week.
The investors had not acted on their promise to create jobs for youth and help grow the city of more than 4 million, he said.
“All they did was make a fence around thousands square feet of land and left it for years. That is all they did,” he said.
Ninety-five individuals and businesses lost their licenses, Tesfaye sai