Citadel Capital Corp., an Egyptian private-equity firm with $8.3 billion in investments, said one of its companies received a $4.9 million loan from Bank of Khartoum for the plantation of land in Sudan.
Wafra, Citadel Capital’s agriculture platform in Sudan, said its portfolio firm has obtained a $4.9 million loan from Bank of Khartoum to support the farming of its first 2,076 acres of sorghum.
LABOR has demanded the Coalition back foreign investment in the farm sector after it said he would be prepared to limit foreign purchases.
Exports would target markets in the EU, where demand is rising, Sudan's nine neighbours as well as the Common Market for Eastern and Southern Africa (COMESA) and the Arab world.
The report is due for publication next month, but leaks are already getting out, and causing a stir among Brussels’ huge development activist community.
Public opinion is clearly against the Crafar farms sale on the basis that NZ is "selling the farm", while selling a controlling stake in a processing plant is seen as another issue altogether. There is a strong argument for conditionality either way, writes Fran O'Sullivan.
The Federal Opposition is supporting a call for a national register of foreign purchases of land and water in rural Australia.
The UK-based EPO has almost 170,000 ha of land suitable for sustainable crude palm oil cultivation and its aim is to be a 100,000 ha producer with output totalling 250,000 tonnes per annum.
Arab nations are considering launching an ambitious strategy involving investment of nearly $65 billion in the next 20 years to expand their farming sector and ensure food for their fast-growing population.
The Greens have called for a national register of foreign purchases of land and water in Australia.
Guyana investment agency is working with several investors who have interest in large projects for soybean, livestock, cattle and rice covering 70,000 acres in Pirara, Region 9.
Prime Minister John Key yesterday warned of other potential foreign buyers of large tracts of New Zealand farmland lining up behind the Hong Kong company bidding for the Crafar farms as his Government signalled a new focus on overseas investment rules.
