Non-governmental organizations and activists in Europe are denouncing a wave of land acquisitions in Egypt, Sudan, Cameroon, Senegal, Mozambique and elsewhere in Africa as a new form of colonialism.
A visit last week by Saudi Arabian businessmen could result in $300 million in investments to develop 20,000 hectares of farm lands for commercial crops.
Pakistan's Ministry of Investment has decided to offer one million acres of farmland for long-term investment or sale to foreigners, including the Emirates Investment Group.
Over-developed, over-populated, and land and water scarce Asian and Middle East nations embark upon global land grab to produce food and agrofuels; threatening global human rights, rainforest and other natural ecosystems, and regional and global ecological sustainability. Deadly global ecological issues require global citizens to unite in escalating protest action!
More important is for Africa to realise its own potential for food production, which would in the long-term negate the need for these deals.
THE Department of Agriculture (DA) wants to create exclusive economic zones for agribusiness that would take into consideration the nuances of food production and an expanded set of incentives for locators.
“We have finalised plans for the corporate farming project and we have the capabilities to meet the food requirements of the GCC countries," said Senator Waqar Ahmad Khan, Investment Minister of Pakistan. “They will be able to export 50 per cent of the crop while the 50 per cent would be sold in Pakistan,” adding that 6.65 million acres of land for agriculture is available in Pakistan.
Sudan is trying to diversify and strengthen its economy to make up for plummeting oil revenues. Ministers have been wooing agricultural investors, particularly from the Arab world.
On May 5, the Wilson Center hosted a half-day conference that considered the implications for investors, host countries, and food security, highlighting case studies from Asia, Africa, Europe, and the former Soviet Union.
Several Arab investors visited this city last week in a mission to look for potential agriculture business in Mindanao where they can pour their investments.
Aimed at public and private market investors, this conference will explore opportunities for global investments in agricultural lands, commodities and infrastructure in North and South America, Australia, China, Eastern Europe, Southeast Asia and sub-Saharan Africa.
