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Ethiopia takes land back from 95 investors, including a Saudi billionaire


<b>Ethiopia takes land back from 95 investors, including a Saudi billionaire</b>The investors had promised to create jobs for the youth and develop Addis Ababa but they failed to deliver on their promise.
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Prior to the lease revocation, MIDROC has had a coarse relationship with Addis Ababa residents who have accused the company of polluting the environment and refusing job opportunities to locals, leading to a protest in the Oromia region because of the fear of losing their farmlands to MIDROC, the largest and most powerful real estate development company in the country.

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