A recent report by nine charities including RIAO-RDC, a Congolese NGO, and the western charities Grain and War on Want, levels a string of criticisms against Feronia Inc, including allegations of land grabs, low pay and exploitation.
Nedbank Capital head of Africa business Zhann Meyer referred to a number of recent acquisitions in the sector, concluding that "the livelihoods, ways of life and culture of millions of Africans are at risk".
CDC will directly hold 27.5% of the issued and outstanding common shares of Feronia, a large-scale commercial farmland operator in the DRC
Phatisa has already invested $84 million into nine projects in seven African countries, ranging from palm oil in Sierra Leone and the DRC, to poultry farming in Zambia.
Le Fonds pour l'agriculture en afrique (African Agriculture Fund, AAF) va entrer au capital de Feronia, l'ancien Plantations et Huileries du Congo, qui détient et exploite la principale plantation de palmiers à huile en RD Congo.
Feronia Inc. announced that it has entered into a share subscription agreement with the African Agriculture Fund managed by Phatisa Fund Managers Limited
Phatisa’s small-cap vehicle, the African Agriculture Fund (AAF) small and medium sized enterprise (SME) fund has sealed its first investment, backing Cameroon-based West End Farms.
Le conseil de surveillance du fonds dédié à l'agriculture en Afrique, African Agriculture Fund, s'est réuni à Lusaka pour clôturer une levée de 250 millions de dollars. Une partie est destinée à des entreprises en Afrique francophone.
In August 2011, Phatisa concluded its first transaction to invest US$ 10 million alongside the Finnish Fund for Industrial Cooperation Limited (FINNFUND) and the Company’s Sponsors, in Goldtree a palm oil plantation and milling company in Sierra Leone, representing a total investment of US$ 20 million.
The US Overseas Private Investment Corporation pours $150 million into fund targeting farmland acquisitions in Malawi, Mozambique, South Africa, Tanzania, Uganda, and Zambia
The fund will operate according to a Code of Conduct for Land Acquisition and Land Use in to prevent unsustainable practices.
African governments need to raise their level of accountability and ensure that they improve and protect their own food security through quid pro quo side-agreements negotiated when they lease or sell their arable land to foreign interests, says Keith Mullin of Thompson Reuters
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Gli alberi della discordia
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