Beefing up ties with Myanmar

Myanmar officials have proposed to Bangladesh to invest in agriculture in their country as it has a lot of arable lands for this purpose. The Myanmar government also said they were ready to give long-term lease of land to Bangladeshi entrepreneurs for agricultural purposes from which both the countries would benefit.

Bangladesh to lease Sudanese farmland

Bangladesh yesterday signed a memorandum of understanding (MoU) with South Sudan to take a 10-year lease on Sudanese farmland to grow crops aimed at ensuring food security of both the countries.

Bangladesh: Government shopping for farm land

Bangladesh officials are in preliminary talks with Ukraine for wheat production, considering Cambodia for rice and visiting parts of sub-Saharan Africa to explore similar ventures.

Agri-business still an unexploited sector

Last week, Uganda received a 35 man business delegation from India interested in the country’s agribusiness potential and boosting its exploits. Mr Ramakrishna Karuturi, the leader of the delegation, said the team intends to invest up to $2 billion in agribusiness pending the issue of investment licences.

Bangladeshi firms join Africa land rush

Nitol-Niloy Group and Bhati Bangla Agrotec of Bangladesh aim to invest an initial US$18 million to lease around 40,000 hectares of African land by the end of this year to grow foodstuff, most of which they will be obliged to sell in Bangladesh.

Government denies leasing farmland to Bangladesh

“We frankly told them, we had no land. They insisted we sign a Memorandum of Understating with them, a request we also refused. We only accepted to sign minutes of the meeting we held,” Mr Okasai of Uganda's agriculture ministry said.