The Chinese firm will finance farming of wheat, corn, soybeans, fruit and vegetables and the production of wine in Rio Negro without buying the 300,000 hectares of land, said Rio Negro's economy development secretary Maximiliano Bruno.
Foreign investment in land opens a new chapter in the colonization of Africa, said today (Tuesday) in London one of the leaders of the think-tank Coalition for Dialogue on Africa (CoDA).
Large-scale land deals in Africa have been characterized by a lack of transparency, making it impossible to assess their benefits, according to Festus Mogae, the former president of Botswana.
Land Minister Nkwinti proposes "precarious tenure" policy rather than outright prevention of foreigners from owning SA land
Both companies are active farmland investors, with Citadel controlling a reported 200,000 hectares in Sudan and operating Egypt's largest dairy farm.
Hedge funds are behind "land grabs" in Africa to boost their profits in the food and biofuel sectors, a US think-tank says
The Second Swedish National Pension Fund (AP2) will invest $250 million in a joint venture with a US pension fund and financial services provider to buy farmland in the United States, Brazil and Australia.
SMNE independent commentary on report regarding political impact and recommendations.
Wealthy U.S. and European investors are accumulating large swaths of African agricultural lands in deals that have little accountability and give them greater control over food supply for the world's poor
By handing over 80,000 hectares of untilled land to a few dozen South African farmers, authorities in the Republic of Congo are confident they will greatly improve domestic agricultural expertise and reduce the country's chronic dependence on food imports
Foreign speculators are increasing price volatility and supply insecurity in the global food system, according to a series of investigative reports released today by the Oakland Institute.
Hundreds of Lamu farmers are up in arms against chiefs and district officers they claim collude with unscrupulous buyers to sell off their land.
