Villagers in Cameroon have been going through a night mare to find what to eat on a daily basis after their lands were taken for a Chinese rice project over a decade ago.
- Journal du Cameroun
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27 October 2021
GRAIN reflects on a new report on large scale land acquisitions by the Land Matrix Initiative.
The use of “transfer pricing” to avoid taxation is common among multinationals operating in Africa, depriving low-income governments of badly needed revenue.
A new report by Bread for all, Alliance Sud, and the German Network for Tax Justice has accused Belgian-French multinational Socfin, which operates rubber and palm oil plantations across West Africa, of shifting profits from Africa to Switzerland. The use of “transfer pricing” to avoid taxation is common among multinationals operating in Africa, depriving low-income governments of badly needed revenue.
Big financial institutions rake in profits bankrolling the destruction of the land, homes and livelihoods of communities who have safeguarded their forests for generations
- Global Witness
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21 October 2021
A new report on the tax strategy of agribusiness corporation Socfin reveals how multinational companies can shift profits from countries where they produce commodities in Africa and Asia to tax havens like Switzerland.
- Bread for All
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20 October 2021
President Irfaan Ali and his delegation wooed investors in the UAE to take advantage of opportunities in large-scale agriculture, including mega-farms, to support the UAE's food security agenda
- Demerara Waves
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19 October 2021
À la veille de la réunion annuelle des banques publiques de développement à Rome, 280 groupes de 70 pays ont signé une lettre dénonçant leur financement de l'expansion de l'agriculture industrielle, de la destruction de l'environnement et du contrôle du système alimentaire par les entreprises.
On the eve of an annual gathering of public development banks, 280 groups from 70 countries sign letter slamming them for bankrolling the expansion of industrial agriculture.
More than a decade since the surge in large-scale land acquisitions worldwide, many land deals remain in limbo. They nonetheless have far-reaching consequences for those who depend on land as foundational to life.
- Africa is a Country
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13 October 2021
Two Dutch insurance companies have invested in a fund buying farmland in Australia, Denmark, Portugal, New Zealand, and the US.
European firms are involved at different stages of the supply chain of soy, meat and metal – industries which are the main drivers of the deforestation of the Amazon and Cerrado regions in Brazil
Government of Nigeria is pumping new money into the palm oil sector but the funds go to companies like the European giant Socfin, not small Nigerian farmers
A campaign by U.S. and Brazilian activists challenging TIAA and other financial firms’ complicity in land grabs and deforestation in Brazil is scoring major victories.
- Waging Nonviolence
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01 October 2021
In a letter laying out 6 clear demands, the groups call on TIAA to fully divest from fossil fuels by 2025 and to immediately stop its acquisitions of farmland.
- TIAA-Divest! et al
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29 September 2021
The Development Bank of Japan is the first in Japan to agree to invest in a food-focused private equity fund by backing a fund managed by Proterra Investment Advisors (Proterra Asia).
An Auckland property developer is involved in a company linked to carrying out deforestation in Indonesia, where virgin rainforest is being bulldozed to grow palm oil plantations.
- Newsroom
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23 September 2021
When palm companies arrived in Guatemala's northern lowlands, they did not evict people to plant palm, but did so strategically through "systematic dispossession".
The heavily forested Sangha region in the Republic of Congo is almost entirely occupied by three concessions, including one held by the palm oil company Eco-Oil Energie SA.
In Uganda, land grabbed by local land brokers are immediately handed over to foreign companies, which then often grow the same crops as the villagers were growing before they were evicted.
- Ugandan land defenders
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20 September 2021
With the pandemic striking higher in Uganda, poor families continue to be forced off their land by their government and investors despite several directives halting evictions during the COVID period.
- Ugandan land defenders
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14 September 2021
New Forests and Alberta Investment Management Corporation have agreed to buy Lawson Grains, which owns a 90,500 hectare agricultural land estate across New South Wales and Western Australia.
Malaysia’s pilgrimage fund is considering taking its agricultural firm TH Plantations Bhd. private, people with knowledge of the matter said, amid a rally in palm oil prices.
- Bloomberg
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01 September 2021
Investment platform iPartners is pushing into the agricultural sector, launching a $20 million fund to acquire Australian farmland for protected koala habitat to generate returns through its use as a biodiversity offset.
In July 2021, a French court ruled against a group of Indigenous Bunong farmers from Mondulkiri in Northeastern Cambodia. In light of recent discussions on the potential and constraints of legal activism, we aim here to highlight entrenched structural factors that can hinder communities in legal challenges to corporate land grabs.
- Political Ecology Network
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11 August 2021
In the country known as the “breadbasket of Europe,” agriculture has been dominated by oligarchs and multinational corporations since the privatization of state-owned land following the collapse of the Soviet Union in 1991. Will this change, now that a controversial law to create a land market entered into effect on July 1, 2021?
- Oakland Institute
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06 August 2021
Agriculture, long overlooked as a handy defensive investment space by fund managers more interested in infrastructure, commercial real estate and shopping centres, has become the focus of big spending activity of late.
Uganda still grapples with mass forced evictions being aided by international development financiers that are hosted and protected by big nations.
- Witness Radio
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03 August 2021
An Australian cattle farm was used by Chinese-owned company United World Enterprises to lure retirees into investing up to $46 million for fake agritourism and aged-care village schemes.
Reporting by Agência Pública has revealed how investors including U.S. pension funds and an Argentine agribusiness giant may be linked to illegal land deals and deforestation in Brazil’s Cerrado region.