Parliamentarians of the SADC-Parliamentary Forum and the Pan-African Parliament debate on strategies to ensure that foreign investment in agriculture brings benefits to local populations
L’impact des investissements étrangers dans l’agriculture de l’Afrique australe feront l’objet d’un débat entre les membres du Forum Parlementaire de la SADC et du Parlement Panafricain.
Global trader Louis Dreyfus Commodities has left a joint venture operating palm oil plantations across 50,000 ha in Indonesia after an investment review.
In making 2014 the 'Year of Agriculture' [sic!], the African Union has concentrated its focus on private-sector investment and public-private partnerships to drive the sector. Private equity financiers, funds and investors are answering the call.
- Africa Report
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22 July 2014
Farmers in Kula, Serbia have made formal complaints about an Abu Dhabi company, Al Rawafed Agriculture, which is trying to acquire land.
- The National
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20 July 2014
Olam reveals plans to expand its rice farm in Nigeria to 10,000 hectares.
- Guardian (Nigeria)
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16 July 2014
The government spent $83 million setting up the 75,000 ha Bukanga Lonzo park, where a South African consortium called Africom has been handed the management contract.
A delegation of the Confederation of Indian Industry is in Ethiopia to meet with the Agriculture Investment and Land Administration Agency and other government agencies to discuss business opportunities.
- Business Standard
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15 July 2014
The integrated rice milling facility is situated at the heart of Olam’s 6,000-hectare greenfield irrigated and mechanised paddy farm in Nigeria’s Nasarawa State.
A New York tycoon won a sweetheart deal to build a massive "sustainable" palm oil plantation in Cameroon. What followed were accusations of intimidation, corruption, bribery, and deceit.
- Foreign Policy
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11 July 2014
Plight of Kenya's indigenous Sengwer shows carbon offsets are empowering corporate recolonisation of the South
Businesses and wealthy oligarchs have taken ownership over huge tracts of agricultural land, and pushed into poverty a large number of smallholders.
"Significant" large-scale plantation projects are said to be in development in Indonesia, the Philippines and West Africa.
Greenpeace report reveals how US-based Herakles Farms colluded with government officials in Cameroon to illegally export timber that itself was illegally felled in order to establish a palm oil plantation.
“We can have a nice debate about foreign investment here in Australia, but in the global context it isn’t a discussion about whether it is nice to have, we need it, we absolutely need it.”
Deutsche Bank has told Friends of the Earth Europe and Rettet den Regenwald that it sold its shares in the Indonesian palm oil supplier Bumitama following months of campaigning by the two groups.
ETG considers the Government of Tanzania is trying to expropriate part of its land and is demanding compensation in the region of $20 million.
- Africa Intelligence
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23 May 2014
Over 5,000 farmers from Kebbi State have been displaced as the state government took over their farmlands and allocated them to a Chinese firm for mass agricultural production.
The story may be over for the Menara Group in Aru, Indonesia. Now it’s time to look at Boven Digoel, where Menara is using the pretext of oil palm plantations to get its hands on 400,000 ha of primary forest.
State-owned trust firm Beijing International Trust Co. recently figured out a way to launch a product tied to 160 acres of peach orchards in a little village located in Wuxi, about an hour and a half by train west of Shanghai.
A company that once billed itself as the largest corporate grain farm in the country is no longer growing crops in Western Canada.
- Western Producer
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15 May 2014
Interview with Silas Siakor about how the determined people of the Jogbahn Clan, together with the pressure of national and international organisations, are trying to stop a UK palm oil company from grabbing their lands.
- Radio Mundo Real
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14 May 2014
Indonesian court helps to tear aside the veil of secrecy under which huge corporations operate in UK-linked tax havens
The farms cover 12,129 hectares and produced about 50,000 metric tons annually.
Over the last 10 years or so, African governments have granted land concessions totalling millions of hectares to big palm oil companies and investors from Europe, the United States, and also Indonesia, India, Singapore and Malaysia.
Interview with Sai Ramakrishna Karuturi, chairman and managing director Karuturi Global Limited.
- Millenium Post
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28 April 2014
One of Australia's big banks is facing scrutiny it financed a Cambodian sugar business responsible for forcing almost 500 families off their land.
NZ Farming Systems Uruguay, the South American dairy unit of Singapore-based Olam International, has sold some 7,771 hectares of farm land in Uruguay to local interests.
In Indonesia alone, there are some 4,000 land conflicts between palm oil companies and local people, which can take years to be resolved in court.
Since 2007, a plantation company had been scheming to take over more than three-quarters of the Indigenous islanders’ ancestral land in the Aru islands of Indonesia.
- Interconintental Cry
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21 April 2014