Germany's largest fertiliser company invests in German fund pursuing large-scale agriculture and forestry projects for carbon credits in Africa.
The sugar refinery will be located in Kwame-Danso in Ghana’s Bono Region, with a daily sugarcane crushing capacity of 12,000 tons and a 25,000-hectare irrigated farmland operation designed to support sustainable local production.
Banco Santander has structured and financed a €37 million agribusiness project in Spain that is backed by Spanish firm Arcano Partners, supporting the acquisition of agricultural land and the development of a large-scale avocado plantation.
The Iraqi Fund for External Development (IFED) said that one of its four agricultural ventures in Sudan has stopped operating, without providing any reason for the halt.
La Caisse has invested $200 million alongside a $50 million commitment from the CEFC to create the Meldora platform (Meldora), managed by Australian agriculture and natural capital asset manager, Gunn Agri Partners (GAP). Meldora has purchased its first asset, a broadacre and irrigation farm of more than 15,000 hectares in Central Queensland.
The Somaliland administration and the UK's Pharo Foundation signed an 18-month lease agreement for an irrigation project covering 5,800 hectares, under which Pharo will pay $10 per hectare annually, a figure that opponents argue is far below market value.
Philippine President Ferdinand Marcos Jr this week signed the law liberalising the lease of private lands by foreign investors., which aims to encourage investors to build industrial estates and factories as well as tourism and agriculture projects in the archipelago.
The American Forest Foundation announced that it has signed a 15-year contract with Netflix, with the entertainment giant committing to purchase verified carbon credits produced through AFF’s carbon project aimed at transitioning underused fields in the US South into forests.
The agreement involves Qatar securing and irrigating farmlands in Ghana, allocating them to farmers for large-scale cultivation, and subsequently purchasing the produce for export to Qatar.
The UK's AgDevCo has made a $7 million investment in Planting Naturals, a producer of organic palm oil in Sierra Leone that operates a vertically integrated model, sourcing fruits from both its own plantations and a growing network of smallholder farmers.
The tree-planting campaign is the first implementation phase of a 30-year project involving 14 classified forests in the Lagunes and Comoé districts, covering a total area of 155,000 hectares, in which up to 12 million trees will be planted in abandoned or unused areas, produced in nurseries managed by local communities and cooperatives.
The Civil Society Oil Palm Working Group of Liberia has called on the Roundtable on Sustainable Palm Oil to immediately reinstate the stop-work order on Golden Veroleum Liberia, citing unresolved compliance issues and unfulfilled conditions related to land use and community rights.