Joint investment company will harness Sudan's resources in agriculture and livestock in line with the foreign economic policy of Custodian of the Two Holy Mosques King Abdullah.
Farms were bought from govt for 1.1b birr ($59.4m), General Manager of Horizon Plantations Ethiopia Jemal Ahmed tells reporters in Ethiopia’s capital, Addis Ababa.
Press TV interviews Justine Mutale of the IF Campaign; Nnimmo Bassey, former executive director of Environmental Rights Action; and Ben Oguntala, founder of Developedafrica.com.
The 612 Indians on the list of those who have invested in tax havens such as the British Virgin Islands include two MPs, a former royal, top industrialists and the CEO of Karuturi Global.
Hassad Food Co, the agricultural investment arm of Qatar’s sovereign wealth fund, has bought a majority stake in an Indian basmati rice company for more than $100m, it was reported on Wednesday.
- Arabian Business
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03 April 2013
The Foreign Investment in Real Property Tax Act was first passed in 1980 by Congress to limit foreign control over US farmland. Obama now wants things changed.
- Costar Group
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03 April 2013
The charge was filed after Ona allegedly spoke out against possible government corruption involving Soleman Liban, a senior advisor to Gabonese President Ali Bongo, and Olam Gabon, a foreign agricultural company that operates in Gabon.
- Goldman Prize
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03 April 2013
In an effort to help tackle food security, officials yesterday agreed to double the capital of the Arab Authority for Agriculture Investment and Development, a multilateral lender aimed at promoting investment in agriculture.
- The National
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03 April 2013
A pending agreement for Iran to graze sheep inside Armenia has sparked a furor among Armenian environmentalists and nationalists over whether or not the prospective deal poses a threat to the country’s national security.
- EurAsia Review
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03 April 2013
Suitable land for palm-oil cultivation is running out in top producers Malaysia and Indonesia, which now account for about 85 percent of the global output. Wilmar is among several companies searching for land in West and Central Africa.
Some African states have been accused of complicity in the problem of land grab by investors. Cecile Leuba of Peuples Solidaire and Action Aid France says this is having a serious effect on the local people who lose their land.
The Chinese government has long encouraged businesses to invest in agriculture abroad, and Xi Jinping's first foreign trip as president in the past week involved visits to three African countries.