Dutch pension funds say they will remain invested in Wilmar International due to their successful efforts to engage with the controversial palm-oil company accused by many of land grabbing
Mozambican peasants union and large number of national and international groups call on heads of state of Mozambique, Japan and Brazil to immediately suspend the ProSavana agribusiness project.
A multi-million dollar “ethical” plantation development in northwestern Mozambique - the initiative of a clutch of Scandinavian faith-based organizations - has faced alleged acts of sabotage by the very people it was designed to assist, illustrating the divisions between foreign benefactors and local communities.
European banks and pension funds continue to finance one of the largest and most destructive palm oil giants Wilmar International, according to new research released today by Friends of the Earth Europe.
Can contemporary large-scale land investments play a role in reducing poverty and inequality? If so, what influences the outcomes? A new research project is gathering data on three farming models – contract farming, plantations and commercial farming areas – in Ghana, Kenya and Zambia.
- Future Agricultures
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19 May 2013
Groups strongly reject and condemn the G8’s proposed transparency initiative.
Aprodev commissioned research to investigate the involvement of European Development Finance Institutions (DFIs) in land grabs. The evidence shows that European DFIs are indeed involved in some land grabs, and there are real risks of being complicit in others in the future.
The most recent U.N. demographic projections show world population growing to 9.3 billion by 2050, an addition of 2.3 billion people. Most people think these demographic projections, like most of those made over the last half-century, will in fact materialize. But this is unlikely, given the difficulties in expanding the food supply, such as those posed by spreading water shortages and global warming. We are fast outgrowing the earth’s capacity to sustain our increasing numbers.
Savills, the UK property consultancy, believes sub-Saharan Africa, in agriculture, is the Brazil of the 1970s but warns against investments in farms of over 5,000 ha because of land ownership sensitivities.
A visit to Mozambique dispels any notion that big business is going to ‘feed Africa’. Hazel Healy reports on a land rush in full swing.
- New Internationalist
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06 May 2013
Foreign investment in African land has been greatly fostered by the Indian Government and its business associations.
- Hindu Business Line
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06 May 2013
Friends of the Earth is running an ethical pension campaign to encourage investors to ask their providers if they invest in land grabbing activities. Emma Websdale spoke with campaigner Kirtana Chandrasekaran to discuss why it is such an important issue.
- Blue & Green Tomorrow
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22 April 2013
Karuturi Global Limited, société holding de droit indien et dont le siège est situé à Bangalore, peut se retrouver sous la loupe de l'administration fiscale du Kenya pour fraude fiscale, mais les plaintes déposées contre elle vont plus loin.
Background note to accompany a joint press release on the Kenyan government finding Karuturi Global Ltd guilty of tax evasion
A new report by European Coordination Via Campesina and Hands off the Land network shows that land grabbing and access to land are a critical issues today in Europe.
As part of a trend that is accelerating across Africa, thousands of Cameroonians have been displaced from their homelands to make way for large-scale agribusiness projects.
- Think Africa Press
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15 April 2013
Indigenous peasant families in northern Guatemala are struggling to access land and defend their resources as the basis of their collective identity.
- FoodFirst/TNI
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15 April 2013
Sai Ramakrishna Karuturi feels a growing sense of unease these days. It stems from an email that Karuturi received on March 7. The sender wrote he had lost Rs 7 lakh by investing in Karuturi Global Ltd's shares.
- Business Today
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09 April 2013
The World Bank formally reiterates its concern over the large-scale corporate “land grabbing” that has affected vast swathes of Africa in recent years.
Ram Karuturi mulls taking his rose-to-maize company private as its stock shows no signs of bouncing back.
- Business Today
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08 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
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.
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.
BRICS states, except Russia, are enhancing and facilitating land grabs abroad in a way that is inconsistent with their proclamations of sustainable development, cooperation solidarity, and respect of national sovereignty.
In recent times the practice of land grabbing (which is intrinsically tied with water grabbing) has increased.
As land is grabbed and earmarked for development, this often has implications for the water nearby, for local people's land and water rights and environmental sustainability.
Foreign investors in the agricultural sector are under regulated in the current framework of international investment law, voluntary guidelines and fragmented national investment legislation, and over protected in regional and bilateral investment treaties and domestic regulation.
With the largely self-evident agreement that land grabbing is wrong and all efforts should be made to prevent it, debate and effort can focus more on (i) how to prevent land grabbing, and (ii) how to enable forms of land-based investments that actually bring real benefit.
Reading between the lines, the Durban BRICS resolutions will support favoured corporations' extraction and land-grab strategies and confirm the financing of both African land-grabbing and the extension of neo-colonial infrastructure through a new 'BRICS Bank'
Land grabs are a “bad idea” because they reduce trade volume in agricultural commodity markets, said Ruth Rawling, Cargill Inc.’s vice-president of corporate affairs for Europe, Middle East and Africa.