CDC's commitment to company that operates on large swaths of farmland in Africa marks one of its largest corporate debt investments ever.
Some famers from Mbeya Region have lost an appeal case over compensation and damages against a large rice farming company owned by Export Trading Group, which was accused of maliciously damaging their rice.
Finnfund, a development financer, has invested US$15 million in a syndicate loan to Export Trading Group, one of Africa’s largest agricultural conglomerates.
Follow-up verification by the Tanzanian government finds villagers still being denied lands lands of the Kapunga rice farm that were supposed to be surrendered by its owner, the Export Trading Group.
Japanese trading house Mitsui & Co. will pour some $267 million into farm-product trader ETC Group of Dubai under a deal announced Monday, aiming to expand non-resource-related business in Africa.
Mitsui & Co s'apprête à investir près de 265 millions $ pour prendre une participation minoritaire mais stratégique dans le capital d'ETG Group, un conglomerat présent dans 12 pays d'Afrique subsaharienne, spécialisé dans le trading de produits agricoles
Ce financement représente toute l’hypocrisie de l’aide française au développement qui finance, via des paradis fiscaux, une entreprise qui pratique l’accaparement de terres en Afrique, relate Mediapart.
Class dynamics behind a land grab ahead of its time - Mbarali, Tanzania
The government has signed investment agreements with foreign companies including France's Louis Dreyfus Commodities, Algeria's Cevital, Export Trading Group of Singapore and Switzerland's Ameropa.
ETG considers the Government of Tanzania is trying to expropriate part of its land and is demanding compensation in the region of $20 million.
The private investment arm of the World Bank, is going to back the medium-term expansion of ETC Group (ETG), incorporated in Mauritius and specializing trading in food and drink products.
Part of the $210 million that the Pembani Remgro Infrastructure Fund and the Carlyle Group will invest in the Export Trading Group will be invested in Mbeya rice farms In Tanzania, where the group would cultivate rice and barley.
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Acaparamiento de tierras, mares y atmósferas
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Massive Riverina farm sold to Aussie investors
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Situation Apouh: la Socapalm interpelle l’Etat !
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