China tills vigorously at African agro opportunities
- Business Standard
- 09 September 2011
Speaking at the annual African Cup of Investment Management, Alex Pestana said China had invested in arable land in Kenya, Tanzania, Uganda and Mozambique.
Speaking at the annual African Cup of Investment Management, Alex Pestana said China had invested in arable land in Kenya, Tanzania, Uganda and Mozambique.
A plan to replace a large swathe of protected rainforest in Uganda with sugarcane could lead to further civil unrest in a year when nine people have been killed during strikes and protests against the rising cost of living.
En proposant d’injecter 2,5 milliards de dollars (1,7 milliard d’euros) dans le secteur agricole du continent noir, les géants indiens de l’agroalimentaire s’apprêtent à battre le record des deals agricoles signés en Afrique au cours des cinquante dernières années.
The land of a traditional kingdom within Uganda has been used as a political threat and reward for over a century. It grows grain, it may have oil and gas, and it is home to the quickly expanding capital
Les affaires sont les affaires: des entreprises indiennes d’agroalimentaire sont prêtes à investir plus d’un milliard d’euros en Ethiopie, Tanzanie et Ouganda
Northern Uganda has offered Indian agricultural investors land to carry out commercial farming. This offer will be under joint venture agreements with the locals.
Last week, Uganda received a 35 man business delegation from India interested in the country’s agribusiness potential and boosting its exploits. Mr Ramakrishna Karuturi, the leader of the delegation, said the team intends to invest up to $2 billion in agribusiness pending the issue of investment licences.
The President informed them of 3 available modules of investment that they could take advantage of including processing without getting involved in physical production where an investor buys products from farmers, processes them or engage in core plantation and process the produce into finished items or contracting out-growers so that they as a community of producers can benefit.
The company plans to lease land to grow palm oil, sugar cane and cereals in Tanzania, to add to land it has acquired in Ethiopia. Karuturi is visiting Tanzania, Uganda and Ethiopia as part of a delegation of 35 Indian investors.
« Les terres qui nous appartenaient prennent de plus en plus de valeur. Nous aimerions les récupérer afin de pouvoir nous-mêmes les vendre ou les louer, mais le gouvernement ne veut rien savoir : il agit comme s’il était Dieu » dénonce M. Charles Peter Mayiga, porte-parole du Buganda, le plus important des royaumes traditionnels que compte l’Ouganda.
Le Sud-Soudan devient formellement indépendant samedi. Ravagé par la guerre, convoité pour son pétrole, le nouveau pays dispose d'un fort potentiel agricole. Et les investisseurs étrangers l'ont bien compris.
The US Overseas Private Investment Corporation pours $150 million into fund targeting farmland acquisitions in Malawi, Mozambique, South Africa, Tanzania, Uganda, and Zambia
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