Conglomerate farming cotton in Sidama
New Conglomerate Wide business Private Limited Company plans to set up a commercial farm on 1550hct of land. The corporation that owns metal supplier Artmetal jewelry and wrought iron company, the ferric belt processing and engineering factory and Hast Enterprise will make the investment under the newly formed Bura Agro Integrated company. The farm is located in the Southern Nations and Nationalities and People’s Regional States (SNNPRs) in Sidama Zone, Loka Abaya woreda Bura kebele. The new company is named after that kebele. Seid Hassen, General Manager of Wide Business said they have invested about 25 million birr already for the integrated agro-commercial irrigation farming on 428hct. It took the 428hct for a lease period of 45 years for a value of 70 birr per hectare. The company has already allocated 28hct for horticultural activities and 400hct for cotton farming. They hope to start planting in February 2013. So far it has spent 10 million birr of the 25 million bi