India's ACIL Cotton Industries said it plans to invest nearly $15 million to start contract farming of crops like coffee, pulses, oilseeds, cereals, potato, sugarcane and vegetables through lease-hold agricultural land in Brazil, Congo and Ethiopia.
Une société malaisienne prendra contrôle de 470.000 hectares au Congo, sous forme de concession, pour la production des palmiers à l'huile, a annoncé samedi le ministre de l’agriculture, Rigobert Maboundou.
La société Atama plantation de la Malaisie entend investir plus de 150 millions de Franc CFA pour la mise en œuvre des complexes agro-industriels de palme à huile sur une superficie totale de 169 000 ha au Congo.
The much-discussed Congo land-lease, granting 200,000 hectares to South African farmers with a further 10 million hectares in the balance, appears to mark a departure from the usual terms underpinning foreign acquisition of fertile land by multinationals
Foreign investment in African agriculture means the creation of jobs, the introduction of modern knowledge and technology, and desperately needed additions to countries' tax bases, writes DW's Ludger Schadomsky.
Sime Darby Bhd, which owns 220,000ha of oil palm estates in Liberia, plans to strengthen its presence on the African continent and is eyeing more land in Cameroon, Congo and South Africa. The expansion is part of a long-term strategy to double planted areas to one million hectares and be nearer to the growing markets of Europe and the US.