In 2006 The Company leased Omo valley Agro-Industry plc (the former Birale Agricultural Development) in the Southern Omo zone and a ginnery in Addis Ababa for a ten years lease basis from Commercial Bank of Ethiopia, which at that year has a cultivable area only 2,620 hectares but finally reaches up to 4,000ha. Currently the farm has transferred to commercial bank of Ethiopia because of finalize 10 years lease period, It runs with a capital of 30 million birr. Or $ 1,667,666 USD.
In 2007 Middle Awash Agricultural Development Enterprise (Afar Region) has been leased from Privatization and Public Enterprises Supervising Agency. The Enterprise with a ginning factory administers three state farms namely Melka werer, Melka Sedi and Sidha Fagie state farms. These three state farms in total use to cultivate 6,480 hectares in 2007.
Since March 2011 G.C total ownership transfer with a capital of 350 million birr or $12,500,000 USD has been traded. Currently the biggest private sugar can farm in the country, Middle Awash Agricultural Development cultivates 6,126 hectares only out of the above figures. This is due to the abandonment of some fields for salinity problems, which is one of the major strategic problems the Enterprise faces.
Arbaminch and Abaya farms
are under the Amibaras’ lease management, which were acquired from Privatization and Public Enterprises Supervising Agency since in the years 2008 and 2009 respectively. These farms have a cultivable area of 821 hectares and 1,195 hectares respectively. Thus, the total cultivable land holding of Amibara Agricultural Development PLC has increased to more than 10,867 hectares in the years between 2006 and 2017G.c.