A South African company says it has filed for arbitration against Democratic Republic of Congo’s government, seeking to recover nearly $20 million it says it is owed from a failed agriculture project.
The allocation of land by the Cross River government to a South African firm for a massive agriculture project has pitched the Governor against over 400 farmers from Ochon settlement in Obubra Local Council of the state.
Cross River State Governor says his administration intends to establish a yellow maize farm which will be the biggest in Africa, in partnership with South African agribusiness.
The employees accuse CFC Stanbic of demanding more money than it lent to Karuturi, saying the South African lender is responsible for the poverty that struck their families since Karuturi was placed under receivership, 3 years ago.
The African Development Bank is nevertheless accelerating a push for projects such as the failed 80,000 hectare Bukanga Lonzo project in the DRC, for which it provided about $1 million to finance a feasibility study.
The Nigeria Sovereign Investment Authority buys a 3,500 ha farm in Nasarawa State through a joint venture with UFF Agri Investment, a South African company owned by Old Mutual Property
Bukanga Lonzo, c'est un des projets phares de la présidence. Un gigantesque parc agro-industriel, le premier d'une série de fermes géantes, censées mener le pays vers l'auto-suffisance alimentaire.
Los elevados precios de los alimentos y la necesidad de energías renovables alternativas como los agrocombustibles han desencadenado la nueva ola de expropiaciones de tierras en África del Sur.
Indian company Estina was given a free 99-year lease to a 4,400 ha farm, as well as a guaranteed R114-million per year for the construction and running of the farm, but cash was siphoned out of the country as quickly as the South African public paid it over.
Le gouvernement sud-africain a publié vendredi dans le Government Gazette un projet de loi visant à interdire aux étrangers l’accès à la propriété foncière agricole.
«Ce nouveau véhicule d’investissement devrait acquérir des petites fermes», a déclaré le directeur de Polar Star, indiquant que le fonds vise un taux de rendement interne situé entre 8 et 12%.
Cape Town-based Polar Star Management Ltd plans to use its own money to buy small farms and processing companies in South Africa this year.
