Posted by The Ethiopia Observatory (TEO)
by Addis Fortune
Sophia Bekele (Credit: Addis Fortune)
Sophia Bekele, a businesswoman with American citizenship, lost shares auctioned by the United Insurance Company (UNIC), a company where her father was a founding shareholder.
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Tags: Asset seizures, Ethiopians with foreign citizenship, National Bank of Ethiopia (NBE), Not owning financial shares, Sophia Bekele vs. NBE, TPLF regime's unlawful acts
"When they [government officials] first came they told us an investor was coming and we would develop the land alongside one another. They didn't say the land would be taken away from us entirely. I don't understand why the government took the land."
Farmer Gemechu Garbaba
His wife adds:
"Since the land was taken away from us we are impoverished. Nothing has gone right for us, since these investors came."
Africa succumbs to colonial-style land grab
Channel 4 News, 7 January 2012
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