Korea

Madagascar scraps Daewoo farm deal

South Korea’s project to transform Madagascar into its breadbasket, branded by some as neo-colonial, came to an abrupt end on Wednesday when the Indian Ocean island’s new president said he would shelve the plan.

Daewoo’s planned Madagascar farm in doubt

Daewoo Logistics, the South Korean company, said on Wednesday that it was confident that Madagascar’s new government would support a plan to lease a huge tract of farmland on the island to grow food crops to send back to Seoul.

In Land Grab, Food Is Not the Only Consideration

Governments in developing countries should exercise caution when granting land concessions to foreign governments and corporations. Despite the short-term investments, most – if not all – of the production will be exported, making the long-term food security situation even worse in these host countries.

Terra Madre communities protest against land lease

‘The small farmers cannot do anything in the face of this giant. We can only cry over the loss of our ancestor’s land, that we have tried to preserve as best as possible,’ says Rindra Andriambola, co-ordinator of the Andasibe red rice Slow Food praesidium.

Madagascar, la braderie de l’île

Depuis les émeutes qui ont fait plus de 110 morts fin janvier dans la Grande Ile, l’immeuble est gardé par une escouade de gendarmes et d’agents de sécurité. Nous sommes à Ivandry, dans le quartier d’affaires d’Antananarivo.

Daewoo's African Dream

"We can't eat semiconductors or auto parts." When Richard Shin of Daewoo Logistics told me this during an interview last week, it hit me hard. Shin is the manager of the Korean firm's $6 billion project to carve a 1.3 million hectare farm out of Madagascar, a formal French colony.

Location de terres : Daewoo Logistics se dit prêt à patienter

« Nous sommes toujours désireux d’investir là-bas. (…) Nous avons fait tout ce qui était prévu dans les textes, mais le gouvernement de Madagascar n’a pas pu procéder aux actes nécessaires pour nous permettre de continuer. (…) Nous attendons une réponse pour passer à l’étape suivante. »