The financial collapse of a project by UK-based Sun Biofuels shows how the development dream can quickly turn into a nightmare for local people.
The EU lured many multinational energy companies such as SBF to invest in renewable energies in developing countries such Tanzania where almost all projects are on the verge of collapse or shut down.
- Tanzania Daily News
03 Oct 2011
Mauritius firm, British American Investment, it is planning to develop 6,000 hectares of land in Mozambique in partnership with Sun Biofuels
A new scramble for arable land in Tanzania has started - the coastline and the fertile land in Northern and Southern Tanzania being the prime targets.
- East African Business Week
07 Feb 2009
Soaring food prices, supply fears among import-dependent countries and rising demand for biofuels have driven up investment in agricultural land, notably in Africa.