Private investment gaining momentum in Logo-Anseba

In line with efforts to promote and encourage private investment in Logo-Anseba sub-zone, noticeable improvement has been registered in the development of vegetable farming, dairy farming and other business ventures.

Logo-Anseba, 17 May 2010 - In line with efforts to promote and encourage private investment in Logo-Anseba sub-zone, noticeable improvement has been registered in the development of vegetable farming, dairy farming and other business ventures.

The  head of economic development in the sub-zone, Mr. Humed Feki Adem, explained that a number of nationals invested their capital in various ventures over the past 19  years, which in turn made due contribution in facilitating urbanization and stabilizing the market.

Accordingly, more than 500 nationals made investment in various spheres, including about 296 hectares of vegetables, 660 dairy farm plants, gas station, water purification plant, hotels, bakeries and other business ventures.