Malawi

Africa: Tractored out by “land grabs”?

Mohammed Mbwana, who farms in the Tana River delta area and is an official of a local NGO, said the Qatar agreement would displace thousands of locals. At least 150,000 families in farming and pastoralist communities depend on the land in question, said to be part of Kenya’s biggest wetland.

Investing: Into Africa

Cru Investment Management PLC, a company based in Cardiff, UK, forecast a 30% return for an agricultural fund that generated profit from farms in Malawi.

Lonrho secures rice land deal in Angola

Lonrho, the pan-African conglomerate listed in London, has secured leasehold rights to 25,000 hectares of rice paddies in Angola and is negotiating two bigger land deals in Mali and Malawi, in another sign of investor appetite for African land.

Asset-backed Real Islamic Investments Offer Remedy to Financial Uncertainties, says UK-based cru Investment Management

The fund, which will invest in commercial agriculture in Sub-Saharan Africa, has dual-purpose - to ensure returns in the range of 15-20 per cent, while the investment helps to create jobs and give rural Africans the chance to help themselves out of poverty. Currently, cru has significant exposure to commercial agriculture in Malawi with over 2,500 hectares of land under its own control and another 4,000 hectares in outgrower schemes.

UK firm plans to launch Africa Agriculture Fund

Cru Investment Management, the UK-based $800 million absolute return investment company, yesterday announced targeting the region and unveiled its plans to offer its new Africa Agriculture Fund in the Middle East early next year .This fund will invest in commercial agriculture in Sub-Saharan Africa, with the aim of helping to alleviate poverty in the region, while not compromising returns for investors.

Buy into Africa

Cru, a small specialist fund management firm, recently launched a Malawi-based fund called Africa Invest. The fund has made an initial investment of £2m in 2,000 hectares of land that’s producing paprika for western supermarkets. With land prices starting at £800 per hectare (compared to £10,000 in the UK) it’s relatively easy to amass large farms that can be upgraded with new technology, mechanisation and better production methods. According to Cru, annual returns on capital should exceed 30 to 40 per cent.