From bleeding Africa to grabbing the land
- The Citizen
- 06 May 2010
The long-term danger I foresee, in the worst case scenario, is that the debt spiral will eventually converge with the land grabs.
The long-term danger I foresee, in the worst case scenario, is that the debt spiral will eventually converge with the land grabs.
AgriNurture Inc has signed the enclosed MoA with Far Eastern Agricultural Investment Company of Saudi Arabia for food crop plantations and processing plants in the Philippines.
The World Bank is marching ahead with plans to facilitate global land grabs, while not releasing a report that confirms the negative impacts of these deals for local communities.
Unfortunately, the US Senate inquiry into Goldman Sach's alleged malfeasance is unlikely to question why the company in 2008 decided to acquire ten intensive poultry farms in China's Hunan and Fujian provinces for $300 million.
"Investors like Citadel Capital and Goldman Sachs must be stopped from acquiring large tracts of land in Africa because this practice has become a serious threat to the continent's food sovereignty"
"In the age of derivatives and evaporating valuations, farmland is gold with a cash flow."
Bunge Limited, a premier global agribusiness and food company in the US, has recently announced plans to acquire 25,000 acres in Sao Paulo, Brazil, from the local firm Acucar Guarani to grow cane for its sugar and ethanol mills.
Do we or do we not want to promote Arab agricultural integration and to foster inter Arab investments in farming?
Powerpoint presentation made by Dr. Abdullah A. Al-Obaid to an expert group meeting at the Islamic Development Bank in Jeddah on 2-3 May 2010.
Ghana Investment Promotion Centre is seeking investments from Qatar to the tune of $700mn, including a major deal with Hassad Food
Mr Rosslenbroich is particularly enthusiastic about agriculture, where he says Aquila has “teams travelling the world looking for farms”, with New Zealand dairy farms a speciality.
Capital flows into Africa, include farmland acquisitions by foreign investors, rose 16 percent in 2008 to a record $62 billion even as FDI that year fell 20 percent worldwide