Gulf investment offers hope for Africa
- The National
- 31 May 2010
Between 2007 and mid-2008, Gulf states and their government-backed businesses spent US$15 billion (Dh55bn) in sub-Saharan Africa alone, much of it in the drive for food security
Between 2007 and mid-2008, Gulf states and their government-backed businesses spent US$15 billion (Dh55bn) in sub-Saharan Africa alone, much of it in the drive for food security
Lists titles and authors of papers on land grabbing presented at the World Bank conference
An economic analysis of land grabbing in 25 countries by a French securities firm. Predicts the entry of Danone, Nestlé and Unilever into the fray.
Aujourd’hui, les puissances émergentes, à commencer par la Chine, investissent de plus en plus en Afrique.
Northeast China's Heilongjiang Province has leased 426,667 hectares of land in Russia to grow crops, the provincial agriculture commission said Friday.
There are growing concerns that a legislative loophole could allow vast tracks of Australia's farmland to be sold to the Chinese Government.
"Agricultural lands being leased by Saudis have been increasing by the day in Ethiopia," Ethiopian Consul General Tekleab Kebede says.
"As more investors look into the opportunities that developed nations present there will be no need to go underground or be ashamed of these deals," said Hakan Agro's Tomar.
Farmland, whose $5,000bn value equates to about 7-10% of the value of world equity markets, could be worth 15-25% of share values by 2020, Hardman & Co analysts say
Vaughan-Smith and his team of seven professionals are scouting for commercial farms in five countries — Malawi, Mozambique, Tanzania, Uganda and Zambia — where conditions are deemed to be the most favorable.
"The ONLY place where agriculture businesses and investors come together to discuss farmland investment" says the promoters
Government of Namibia has leased land to Namibia Development Corporation and the Abu Dhabi-based Al Dhahra Agricultural Company to produce farm grapes and dates on a large commercial scale
NCB Capital estimates that Saudi Arabia and the United Arab Emirates, the main buyers of African land, have acquired some 6 million acres worldwide, largely in Sudan, Pakistan and Indonesia. Other estimates are much higher.
An increasing number of Indian companies are expected to use Singapore as a springboard for their global operations, including overseas farmland investments
Better food and know-how for China, more food for Singapore: if the deal actually comes to pass, it strikes me as a fairly solid bargain, writes Te-Ping Chen.