The South African state-workers’ pension funds and black-economic empowerment group Pelo Agricultural Ventures take a majority stake in Karan Beef (Pty) Ltd., owner of the continent’s largest cattle feedlot.
The elite university has quietly become one of the largest owners of farmland in the world, according to a new report by GRAIN, an international nonprofit supporting small farmers, and Brazil-based Rede Social de Justiça e Direitos Humanos
A new report details the web of companies with which Harvard Management Company, the university’s investment arm, directly invests in farmland around the world, risking conflict with communities from California to Brazil.
The allocation of land by the Cross River government to a South African firm for a massive agriculture project has pitched the Governor against over 400 farmers from Ochon settlement in Obubra Local Council of the state.
The employees accuse CFC Stanbic of demanding more money than it lent to Karuturi, saying the South African lender is responsible for the poverty that struck their families since Karuturi was placed under receivership, 3 years ago.
The African Development Bank is nevertheless accelerating a push for projects such as the failed 80,000 hectare Bukanga Lonzo project in the DRC, for which it provided about $1 million to finance a feasibility study.