Liberian politician speaks out against landgrabbing
- FOEi
- 11 June 2014
Byron Browne, Member of Parliament from Grand Bassa County, Liberia, has lambasted the government for protecting investors rather than the rights of its own people.
Byron Browne, Member of Parliament from Grand Bassa County, Liberia, has lambasted the government for protecting investors rather than the rights of its own people.
Vietnamese businessmen, who have earned high profits with their finance and real estate investment deals, are now rushing to pour money into agriculture projects.
A US government agency, a World Bank Group member and a private equity fund plan to help half a million small-scale farmers boost yields and improve food security in sub-Saharan Africa.
UBS Global Asset Management has established an Australia and New Zealand farmland investment advisory service to meet the growing institutional demand for assets, particularly from Asia.
Across Cambodia developers are seizing valuable pieces of land, throw the existing community out, and after protests ebb away, building new developments on them: malls and apartments for the newly rich.
The Commercial Bank of Ethiopia is pressuring Karuturi Global Ltd to repay a credit provision of 65 million birr (US$3.3 million).
From May 26th-28th Liberian communities impacted by palm oil came together to share their experiences and discuss their hopes for the future.
Government of Tanzania pilots a win-win deal whereby communities receive a 10% shareholding in Bagamoyo EcoEnergy Ltd. in exchange for a 99-year lease of their land free from encumbrance.
Cofco revealed that its pork subsidiary had sold stakes to private equity groups including KKR in a "strategic partnership" to construct and manage "large scale" hog farms and meat processing plants in China.
Profit maximization for multinationals like Karuturi is bolstered by the fact that borrowing locally is highly profitable.
A study titled ‘Sad stories about agricultural investment on right to food: A case of SAGCOT areas in Ruvuma’ notes that “cries of loss of land for small-scale farmers are widespread”.
KKR will invest about US$200 million from its European fund in Afriflora, an Ethiopian flower farm.