CEFF II raised $1 billion from a group of institutional investors, mostly pension funds, to invest in high-tech greenhouses, indoor, vertical farms, and other sectors that need controlled environment agriculture facilities.
After acquiring majority ownership in the PHC plantations from European development banks in 2020, former partners have turned on each other with legal action underway across four jurisdictions for control of the company, valued at US$100 million.
The stolen land belonged to families that are part of the 35000 people being forcefully displaced by three multinational companies including Great Seasons SMC Limited, Agilis Partners Limited, and Kiryandongo Sugar Limited.
New information indicates that Feronia's $15 million rice operations were taken over by a politically connected Belgian-Congolese businessman when they mysteriously vanished from the company's books in 2017.
An open letter to the Brazilian National Congress, led by supermarket chains including Tesco and Sainsbury's, urges them to reject a proposed "land grabbers law" to allow the private occupation of public land.
Some famers from Mbeya Region have lost an appeal case over compensation and damages against a large rice farming company owned by Export Trading Group, which was accused of maliciously damaging their rice.
Le président de la société civile Basoko (rive Lokutu) dénonce les récentes arrestations et violences policières suite aux protestations pacifiques contre la société de plantation de palmiers à huile PHC.