Farmland deals in Africa inked by private Egyptian firms, commonly called "land grabs," could help the import-dependent nation get access to grain when markets spike, Egypt's agriculture minister Amin Abaza said. "This is going to be a private initiative."
Egyptian private equity firm Citadel Capital is investing in 210,000 ha of farmland in Sudan, where it got the right to the land for 99 years.
- Reuters
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29 September 2009
An internal document recently posted on IRRI's website reveals that the Institute has been advising Saudi Arabia in the context of its strategy to acquire farm land overseas for its own food production.
Land buying firms no longer disclose their identities to avoid tarnishing their image
- Daily Nation
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30 August 2009
Al-Raghi a connu un investissement fructueux dans le secteur agricole égyptien où la société cultive 25 000 feddans (10 500 ha) dans le projet Tochka sur un total de 125 000 feddans (52 500 ha). La deuxième phase du projet commencera en début de 2010.
- Al-Ahram Hebdo
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26 August 2009
Egypt's Beltone Private Equity and Sudan's Kenana Sugar Company have agreed to set up a firm to invest up to $1 billion in large-scale agriculture projects in both countries, Beltone said in a statement on Wednesday.
A private agricultural investment firm in Abu Dhabi plans a Dh925 million (US$251.8m) farmland deal in Egypt to grow wheat for the African nation’s domestic market.
- The National
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13 August 2009
The wheat farms in Sudan & Uganda are not Egypt’s first foray into overseas farming — the government operates a corn farm in Zambia, a rice farm in Niger, a vegetable farm in Tanzania and plans 14 more farms across Africa — but they are significant because they are among the first efforts to address wheat scarcity after the instability of 2008.
- Business Today
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10 August 2009
Janan, a UAE agricultural investment firm, will expand its farmland portfolio in a deal with Egyptian agricultural authorities next week.
- The National
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06 August 2009
A United Arab Emirates company will sign a deal with Egypt to cultivate 100,000 feddans, about 42,000 hectares, of land with wheat, corn and feed, the official news agency Mena reported on Tuesday.
- Trade Arabia
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04 August 2009
By providing powerful agricultural equipment and technical assistance, the brand is participating in Saudi Firm Al-Rajhi International's US$400 Million project to grow corn and wheat in Africa's arid lands
I wonder how many other behind-the-scenes transactions are currently underway in the continent that will only be announced when the deals have been signed and perhaps money has exchanged hands.