Citadel, which also announced on Tuesday that it was investing in 500,000 feddans (210,000 hectares) of farmland in Sudan, is also looking to potential investments elsewhere in Africa: Uganda, Kenya, Ethiopia.
He owns land eight times the size of Mumbai, most of it in distant Ethiopia. His company, Karuturi Global, figures among the top 25 agri transnational corporations. But he wants more -- to break into the top 10 and rub shoulders with the likes of ConAgro and Cargill.
Ethiopia’s government ruling tribal junta has defended its plan to offer 2.7 million hectares of farmland to foreign companies despite millions of citizens who need food aid from the international community.
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.
Le gouvernement éthiopien mettra 2,7 millions d’hectares à disposition des investisseurs étrangers, 1,6 million d’ici à octobre, à des conditions privilégiées. Enquête excellente de l'Hebdo en Ethiopie et au Madagascar.