Private Egyptian investors to plant sunflower on 210,000ha of land earmarked for joint agricultural projects under a deal reached by President Mohamed Mursi and President Hassan Omar al-Bashir.
Une délégation du ministère de l’Agriculture de l'Egypte se prépare à se rendre au Soudan cette année pour examiner la possibilité de cultiver du blé sur un total de 470 000 hectares de terres soudanaises.
A delegation from the Ministry of Agriculture is preparing to visit Sudan later this year to examine the possibility of growing wheat on as many as 470,000 hectares of Sudanese land.
Egypt's Prime Minister received Sheikh Nasser bin Mohamed Al Hageri, the head of the Qatari Hassad Foodstuff Company who is currently visiting Egypt to explore agricultural investments.
An Egyptian model farm is to be created in Ethiopia on an area of some 500 feddans [210 ha] with the potential for expansion in the regional state of Afar some 600 kilometres north of Addis Ababa.
GRAIN looks behind the current scramble for land in Africa to reveal a global struggle for what is increasingly seen as a commodity more precious than gold or oil - water.
Egypt’s Citadel Capital has been busy defending its work in Africa, such as in South Sudan where it has taken a number of measures to ensure its agribusiness project benefits the local community and doesn’t step on small farmer toes.
To date, Citadel Capital has invested US$ 25 million in the Concord farm project, which makes us by far one of the largest investors in South Sudan outside the oil industry.
The bottom line is that it is the responsibility of the host governments to set policies and a legal framework that protect their citizens’ interests – by encouraging investment, and protecting the rights of affected individuals.
The Overseas Private Investment Corporation, the US government’s development finance institution, approved Wednesday a $150 mln financial package that will go to Citadel Capital, a regional private equity firm that just completed its first wheat harvest in Sudan.
