The Swiss-based multinational ASC Impact claims to have acquired 22,000 hectares in Ethiopia’s remote Gambela state along the border with South Sudan for large-scale tree plantations, carbon credits and agriculture.
The case stems from accusations lodged by the Djiboutian Ambassador in 2018, asserting that Karuturi neglected to meet the terms of agricultural agreements signed in 2011 and 2012 for activities in Ethiopia.
With 56 deals under its belt, the UAE has 14 more farmland acquisition deals in the pipeline in 2024, mainly in Africa
With vast lands conducive to tree growth, Kirchmayer and ASC Impact believe that Africa is ripe for reforestation initiatives that support mass timber production and other green projects.
Elite Agro Projects plans to establish a wheat farm in Ethiopia, where it already operates a flower farm.
The Supreme Court of India has cancelled anticipatory bail granted to Ram Karuturi who is accused of defaulting on a US$6.5 million loan taken in 2011 from the government of Djibouti to develop 15,000 ha of agricultural land
- Lawbeat Newsdesk
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06 October 2023
Researchers say the construction of a dam and sugarcane plantations has dispossessed the Lower Omo’s peoples of their farming and grazing lands and irreversibly altered the natural cycles of the Omo River.
In recent years, the Ethiopian government has been enthusiastically renting large swathes of its territory to both local and foreign investors, regardless of who is already living there.
- Mail & Guardian
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03 April 2023
With attention centered on the civil war in the country over the last two years, the hunger and health crisis in the Omo Valley caused by the Gibe III Dam and the Kuraz Sugar Development Project has gone ignored.
- Oakland Institute
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08 February 2023
New research studied 160 large-scale land acquisitions made between 2005 and 2015 across Europe, South America, Africa and Asia looking at how much of this land acquisition would cause competition and water grabbing.
- Univ. of Notre Dame
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21 Mar 2022
Une revue de 15 projets dans 11 pays tire la sonnette d'alarme sur l'accaparement de l'eau et appelle à une action urgente pour protéger le droit à l'eau en Afrique.
- Oakland Institute
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15 Mar 2022
A review of 15 large-scale agriculture projects across 11 African countries, exposes how these projects lead to the loss of streams and swamps and pollute water sources.
- Oakland Institute
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15 Mar 2022