Sub-Saharan African agriculture investor EmVest Asset Management has received its first allocation from London-based Truestone Impact Investment Management, which focuses on delivering market rate returns from social and environmental investments.
The mad scramble for Africa. Critics say the financial firms that helped cause the global recession by inflating the real estate bubble -- are back. And this time they're being accused of pulling the same tricks with the world's food supply.
A new report published this week claims farmers in Africa are being driven off their traditional lands to make way for vast new industrial farming projects backed by European hedge funds seeking profits and foreign countries looking for cheap food.