Ethiopia has announced plans to lease 100,000 hectares of land both to local and foreign investors, despite recent reports that foreign investors were grabbing large chunks of land. The Ethiopian Ministry of Agricultures said details on the leases will be provided in this year's budget. The ministry indicated that it had prepared large fertile tracts of land in Gambella, Benshangul-Gumuz, Oromia and Amhara states to be offered to investors.