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Nigeria’s biggest private sector company, the Dangote Group, has decided to turn its attention to agribusiness. Dangote will pay the state government N1.2bn ($3.7m) for 16,000 hectares of land and give it an equity stake in the company.
Egypt and the Korea-Arab Society (KAS) signed a cooperation protocol to build a $10 billion integrated agricultural city in the North African country. The city will be stretched over an area of 300,000 feddans (126,000 ha) in the southeast part of the Qattara Depression.
A USD 310 million investment contract signed between private companies for Agro-industrial Complex of Capanda (PAC) in northern Malanje province, Angola. The Agro-industrial Park occupies an area of 411.000 hectares.
65 civil society organizations (CSOs) and non-government organizations (NGOs) from across the world signed a unity statement urging Cambodian government to release land rights activist Tep Vanny, who has been in detention for the past 12 months.
The Oromia Investment Commission (OIC) faced a challenge in relocating 600 farmers from the 335ha of land leased to European Food and Cattle Plc in East Shoa, Ethiopia. Farmers, who claim the compensation is too low, resist relocating from the area.
Hassad Australia, a $469 million farming company and wholly owned subsidiary of Qatar’s sovereign wealth fund has sold the Clover Downs Station located in Queensland, Australia, to farmer Bill Zell for $27 million.