Standard Bank Plc has affirmed its commitment to finance agriculture in Africa over a long term because Africa has vast stretch of arable lands. Additionally, the bank intends to improve food security and eliminate hunger in the world.
45 new private equity funds are planning to invest US$2 billion in African agriculture in the next 3-5 years, according to participants at the Africainvestor Agribusiness Project Summit taking place in Durban
African governments need to raise their level of accountability and ensure that they improve and protect their own food security through quid pro quo side-agreements negotiated when they lease or sell their arable land to foreign interests, says Keith Mullin of Thompson Reuters
Le projet -- un partenariat entre Illovo Sugar, entreprise sud africaine, et le gouvernement malien -- concerne l'aménagement d'une zone irriguée de 14,132 ha pour la création des plantations de la canne à sucre
A South African farmers group said on Friday it had received fresh offers from African states, including Sudan and Mozambique, to invest in agriculture to grow export crops and some of the deals will be concluded soon.
"Local businessmen make deals with foreign investors and convince tribal authorities in the area to give them land, but the water from the river is not just for people to take," says Water Affairs Under Secretary A. Nehemia who had not been informed about the farm.
At a recent conference in Cairo, South Africa and Zimbabwe were the only African nations not considered safe havens for foreign farmland investment because of uncertainty about land-reform programmes and unfriendly labour environments.