Saudi consortium eyes $40 farm investments in Africa
- Reuters
- 29 Mar 2009
A consortium of Saudi agricultural companies is looking to invest 150 million riyals ($40 million) into food production in Africa, the Agriculture Ministry said on Sunday.
A consortium of Saudi agricultural companies is looking to invest 150 million riyals ($40 million) into food production in Africa, the Agriculture Ministry said on Sunday.
Eric Sprott's hunger for commodities may have wavered since last year's price collapse took a hefty strip off revenues at Sprott Inc., his money-management business. However, the legendary hedge-fund manager is still placing bets on at least one commodity: grain.
Pakistan has offered UAE investors an opportunity to invest in corporate farming projects back home as a means to secure the UAE's food supplies.
Cette partie de monopoly planétaire inquiète au plus haut niveau.
Foreign investors should not be allocated huge chunks of land especially that which measures in square kilometres because such land should principally be owned by Ugandans, President Museveni has directed.
With Gulf countries and businesses demonstrating a newfound disposition for direct farm investment to cater for their local agro commodity needs, Sub-Saharan Africa has been identified as a source of growing and/or producing their imported food. Nigeria’s position in the matrix cannot be overemphasized.
Saudi investors launched agricultural projects in Indonesia worth $1.3 billion last year, a top business official said on Monday, as the world's top oil exporter seeks to secure food supplies from abroad.
While other property markets crumbled last year, global farmland values initially kept rising. But recently that resilience has been tested. Andrew Shirley investigates whether agriculture is still a good investment.
Contract farming deal between the Indian corporation Varun Agriculture and 13 association in Sofia, Madagascar (January 2009)
Vietnam Rubber Group, the nation’s largest producer and exporter, plans to plant 200,000 hectares of trees in neighboring Laos and Cambodia, betting on a rebound in global demand in the next decade.
Indonesia will allocate at least 2 million hectares of farm land to joint ventures with Saudi investors to be used mainly for the cultivation of rice, a Saudi newspaper reported on Saturday.
Refuged under a shelter as a downpour drenched the village square of Ambalavy in northwest Madagascar, André Rabenampiana says he knows the wood "varona" but has never heard of the Indian company Varun International.
Réfugié sous un abri alors que des trombes d'eau s'abattent sur la place du village d'Ambalavy, dans le nord-ouest de Madagascar, André Rabenampiana connaît bien le bois "varona", mais n'a jamais entendu parler de la société indienne "Varun".
Au niveau planétaire la concentration s‘accélère : 4% des propriétaires fonciers sont à la tête de 50% des surfaces cultivées…
A move by Madagascar's army-backed leader to nix a huge South Korean farming deal has exposed the risks of such ventures in Africa, where land remains an emotive issue prone to populist or nationalist opposition.
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