In Kenya, a row is brewing between local leaders, members of the community, and Siaya county government following a notice to allocate land within Yala Swamp to a new investor, Lake Agro Limited.
- The Standard
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23 October 2021
Cash-strapped Karuturi Flowers in Naivasha is back in court in a bid to stop receiver managers from auctioning its property over Sh1.8 billion debt
- The Standard
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15 October 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).
Seven years after the farm was placed under receivership due to debts owed to Kenya Revenue Authority and a local bank, the final nail has been hammered on its coffin. Workers now worry for the Sh300 million they are owed in salary arrears, union dues and savings.
- The Standard
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22 July 2021
Stanbic Bank, in Kenya, is now free to auction assets of Karuturi Ltd over a debt of USD 16.6 million after the Supreme Court dismissed an appeal by its shareholders and guarantors.
- Business Daily
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19 July 2021
For too long, consumer brands have sourced raw materials from abusive companies. We’ve seen up close the damage this has caused in Cambodia, and how elusive remedy has been for affected communities. But with mandatory due diligence laws on the horizon in Europe, communities will finally have the opportunity to hold brands accountable for violations in their supply chains.
- Business and Human Rights Research Centre
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24 June 2021
Quienes actualmente controlan los flujos financieros del mundo no son capaces de apoyar a los productores de alimentos y a los sistemas alimentarios —que pueden combatir la crisis climática o las muchas otras crisis que afectan a la alimentación y a la agricultura. Nuestro desafío es lograr que tanto las tierras agrícolas como el dinero no sigan en sus manos, tan pronto como podamos.
PSP, one of Canada's largest pension investment managers, now adds a further 40,000 hectares to its large farmland holdings in New South Wales.
Carbon credits and net-zero pledges are fuelling a new round of farmland buying by billionaires and pension funds that will undermine real climate action.
Nuveen's head of sustainability will support Westchester's response to rising investor demand for carbon neutral portfolios, providing scalable, natural solutions to counter climate change through farmland investments.
- Financial Standard
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23 Mar 2021
The deal size reflects the growing demand for farmland investments, as investors seek alternative assets amid heightened market volatility, fears of inflation, an emphasis on sustainability, and more.
The privatisation Uzbekistan’s cotton sector is seeing huge tracts of land being transferred to private operators for cotton cultivation, with farmers coerced into “voluntarily” giving up their land leases, with devastating effects on rural livelihoods.
- Apparel Insider
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19 February 2021
The company is also found to have violated the land and cultural rights of local communities, including the right to free prior and informed consent and social requirements on basic needs and grievance and remedy.
The Kenya Human Rights Commission wants the Murang’a County Assembly to block any plans to renew the land leases held by Kakuzi until claims on historical land injustices are resolved.
- The Standard
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15 February 2021
David Del Curto, S.A. is a leading Chilean fruit production, packing and export company, which produces over ten different fruit types across eleven farms, while also managing one of the largest nurseries in the country.
- https://apnews.com/press-release/pr-newswire/business-corporate-news-latin-america-and-caribbean-north-america-ownership-changes-b1439318c29b4248313c21e885a79407
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28 January 2021
A new report by an alliance of civil society organisations chronicles one of the most scandalous failures of development bank investment in agriculture.
- RIAO-RDC et al.
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28 January 2021
The co-founder of Microsoft and his wife rank as the largest private farmland owners in the US, with over 242,000 acres across the country.
- Land Report
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18 January 2021
Sierra Leone's parliament has unanimously approved a foreign investment agreement giving Elite Agro (UAE) 14,700 hectares to grow rice for export
- Politico SL
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17 December 2020
In spite of its lofty ideals, FPIC (free and priori informed consent) has one failing — it has no legal backing.
- Vanguard News
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15 December 2020
Aminata Fabba, Chairlady of the Malen Land Owners Association, spoke out at the First Peoples’ Hearing of Mano River CSO Platform in Liberia about the abuses here community in Sierra Leone is facing at the hands of SOCFIN.
- Liberian Observer
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11 December 2020
New report reveals finance firm TIAA initiated unprecedented global farmland investments under CEO Roger Ferguson Jr., while undermining human rights standards.
- ActionAid & FOE
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20 November 2020
In Ireland, vulture funds and lenders are following a more aggressive strategy since the end of Covid-19 moratorium on forced sales
- Independent
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17 November 2020
Spanish companies operating in Morocco keep a low profile and avoid the media spotlight, as they don't want to be accused of relocating their agricultural business to the third world.
- HortiDaily
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02 November 2020
Two directors of the bankrupt Karuturi flower farm have moved to court accusing the company’s creditors and receivers of destroying a property they had been using as a wildlife and bird-watching lodge for "high value" visitors
- The Standard
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31 October 2020
An Associated Press investigation found poor conditions of millions of laborers from some of the poorest corners of Asia across palm oil plantation in Malaysia and Indonesia, many of them enduring various forms of exploitation, with the most serious abuses including child labor, outright slavery and allegations of rape.
Large-scale development projects, including monocrop plantations, are increasing in the region causing serious human rights violations as indigenous people lose their traditional lands and resources
Reportage de Mongabay sur le conflit autour de la Socaplam au Cameroun
Communities in Cross River State have kicked against the exclusion of women in community land rights and the continuous marginalisation by multinational companies.
With the COVID-19 pandemic still expanding across the globe, ACT NOW is urging the PNG government to drop its plans to put customary land into the hands of commercial banks. The COVID-19 crisis has demonstrated once again that customary land is a vital and irreplaceable resource for families and communities.
Investment opportunities in the agroindustrial business in Kazakhstan were one of the key topics during a recent webinar for investors from Kuwait hosted by Kazakh Invest
- Astana Times
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22 June 2020