The new office of the Turkish and Sudanese joint agricultural and livestock company will commence works on a 12,500 ha pilot farm, as part of an agreement in which 780,000 ha in Sudan have been earmarked for Turkish companies.
During the launch of the Kilombero SAGCOT cluster, Tanzania's Minister of Agriculture says his government would continue creating an enabling environment suitable for attracting more investors into the agricultural sector.
The BFB sale has raised concerns that even if local bidders are able to raise the cash required for these deals, they’re not able to compete with the vast resources and track records of international players.
Between 2000-2011, 68% of all investigated foreign capital to 9 top companies in soy and beef sectors in the Brazilian Amazon was transferred through tax havens. Soy and beef production cause major Amazon deforestation.