The region continues to have great market potential as a number of Thai rice companies have offices there and some have been approached by local governments to invest there in milling, processing and even growing rice.
The UN’s food security expert, Olivier de Schutter, has called for a “code of conduct” to regulate the purchase of swathes of farmland across Africa, Asia and Latin America by Gulf states and private companies pursuing agribusiness.
Capital Rice and Asia Golden Rice, both in Thailand, recently formed a business alliance with the Stallion Group, Nigeria's largest conglomerate, to supply rice to this major African market. The next step is to export rice-planting know-how and invest in Nigerian farmland.
With Gulf countries and businesses demonstrating a newfound disposition for direct farm investment to cater for their local agro commodity needs, Sub-Saharan Africa has been identified as a source of growing and/or producing their imported food. Nigeria’s position in the matrix cannot be overemphasized.
La FAO s’apprête à sortir ces jours-ci un mode d’emploi sur la bonne gouvernance foncière. Histoire que le nouveau droit foncier de Madagascar ne soit pas défini par Daewoo Logistics. Et que les petits paysans du Sud participent enfin au débat
“We have a land fund in South America, we have in Ukraine. Now we are developing one in Africa. We need to acquire land for farming,” says Guy de Montule, Louis Dreyfus’ chief executive officer for Middle East and Africa
The Federal Government, yesterday, in Abuja, signed a $16 billion development cooperation agreement which covers real estate, agriculture, power, oil and gas, with the Dubai World Corporation in the United Arab Emirates.
The Delta State Government has signed a memorandum of understanding with a British firm, Trans4mation Pistton Field Nigeria Limited, to promote agriculture and turn the state into a formidable food basket.