South Africa is joining a “green rush” for the African continent. The Republic of the Congo has offered Agri SA 10-million hectares for South African farmers to produce maize and soya beans as well as to establish dairy and poultry farms.
Congo Republic wants to amend the terms of a multi-million hectare land deal with South African farmers, a top aide told Reuters on Wednesday, saying the current accord would deprive its own farmers of land.
When people are using lands under customary tenure arrangements, there is an inequality in bargaining power where no formal titles to the land exist if a foreign investor is interested in purchasing the land.
Yes Bank expects a $150 million Tanzanian rice and wheat project to reach full production by 2011, the first of several large African farms it is funding. "We are looking at a more inclusive model wherein the local farmers can be organised into a producers company, and they would be the suppliers to the processing facility. It's predominantly not to acquire huge tracts of land."