Arbitration and dispute resolution
In the event of dispute, both parties will do their utmost to resolve the dispute amicably and to their mutual...
Assignment or transfer
Unless 75% of the land is developed, Toren Agro Industries has no right to transfer the land or properties developed...
Cancellation or termination
The agreement may be terminated for (1) expiry of the term, (2) failure by the Government to deliver the land...
Corporate headquarters
H.no 173, Kebele 02, Kirkos sub city, Addis Ababa, Ethiopia
Environmental impact assessment and management plan
Toren Agro Industries has an obligation to conduct an environmental impact assessment and deliver the report within 3 months of execution of agreement
Environmental protections
Toren Agro Industries is obliged to take good care of the leased land and the natural resources on it, with...
Governing law
The governing law for operations under the agreement shall be the laws of Ethiopia
Hardship clause or force majeure
Conditions of force majeure shall be governed by the Ethiopian Civil Code
Income tax: exemptions
The Government undertakes to provide special investment privileges such as exemptions from taxation, import duties of capital goods, and repatriation...
Infrastructure
Toren Agro Industries has the right to build infrastructure such as dams, water boreholes, power houses, irrigation system, roads, bridges,...
Location
Gambela Regional State, Agnuwak Zone, Goge District, Goge-Gebriele kebele
Other - miscellaneous
Toren Agro Industries shall not use the leased land for any other purpose than the purpose in article 3 without the prior written consent of the Ministry of Agriculture
Other - operational
The Ministry of Agriculture has an obligation to arrange access and use of facilities of the Government and Regional State...
Physical security or protection of property
The Government shall ensure that Toren Agro Industries shall, during the period of the lease, enjoy peaceful and trouble free...
Renewal or extension of term
The agreement can be renewed for additional years as mutually agreed by the parties. The agreement shall be renewed on...
Reporting requirements
Toren Agro Industries shall provide correct data and investment activity reports upon request by the Government. The Government has the...
Resource(s)
Cotton as a principle investment and soy bean as a rotational crop development
Restrictions on transactions with affiliated parties
Dividing the leased land among shareholders to develop in an independent way or subleasing to any party is strictly forbidden and shall result in the termination of the lease
Size of concession area
6,000 hectares. Toren Agro Industries has the right to get additional land based on its performance, accomplishment and needs.
State agency, national company or ministry executing the document
Surface fees or rent
There shall be a 3-year grace period for the land rent, where the rent during this period will be prorated...
Work and investment commitments
Toren Agro Industries is expected to start developing the land within 6 months from the date of execution of the...
Country
Ethiopia
Signature Year
2011
Resource
Cotton | Soybeans (Soya beans)
Type of Document
Contract
Open Contracting Identifier
ocds-591adf-7435167933
Disclosure Mode
Government
This document has missing annexes
Land Matrix ID
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