Besides energy and minerals, which make up the lion's share of African exports to the BRICs countries, there is growing interest in its arable land - less than 25 percent of which is cultivated - as a source of food for export.
Volatility in commodity markets tends to boost consolidation in the agriculture sector as firms require more capital and improved risk management, the executive officer of French giant Louis Dreyfus said Tuesday. One of the company's focus now is on farmland.
El ministro de agricultura congoleño, Rigobert Maboundou, dijo que este acuerdo forma parte de un Plan de Acción de su Gobierno para consolidar la agricultura como un pilar de su economía y que, además de este pacto, el mayor de este tipo firmado en África, tienen otros similares con China, Brasil e Israel.
Saudi Arabia announces the launch of Agroinvest, which will focus on farm acquisitions abroad to grow wheat, rice, soybeans and other crops in Brazil, Vietnam, Indonesia, Philippines, Pakistan and Turkey
The Qatar Investment Authority (QIA) has launched a venture aiming to invest in food production worldwide focusing on the acquisition and development of existing agribusiness companies rather than the lease of large tracts of farmland.
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.