Chinese investors, who have lately gained a strong presence in Kenya’s telecoms and heavy industry, are now eyeing the country’s farmland as a source of useful raw materials and employment opportunity
UGANDA is to benefit from $100m contribution by Kuwait to support food production and agri-businesses development, James Mugume the permanent secretary in the foreign affairs ministry has said.
Investors in Saudi Arabia, one of the world's top rice buyers, are looking for joint ventures with Thai partners to invest in rice farming in Thailand and Africa.
Liu Jianjun, a former Chinese government official who runs the Baoding-Africa business council, has contracts to farm 10,000 acres in Uganda, to build a cornflour processing factory in Kenya and for a farm project in the Ivory Coast.
“There’s no harm in allowing [Chinese] farmers to leave the country to become farm owners [in Africa],” the head of China’s Export-Import Bank, Li Ruogu, says.
