Lured by the investment potential of agriculture in Africa, it takes an investor more than capital to acquire the much-touted "land concessions," tax holidays, investment protection agreements with governments, and a friendly investment climate. It takes a new breed of consulting firms, individual consultants, and "investor conferences" to make the right "connections" to "smoothen" the road to lucrative investments in Africa.
By Anuradha Mittal and Jeff Furman
The people and resources of Africa carry a centuries-long history of exploitation.
On the evening of April 24, following a daylong rally against large-scale land investment deals in poor nations, the Waldorf Astoria hotel in Manhattan became the venue for a 30-minute light show against land grabs in Africa.
Coverage of the protest of the Global AgInvestment Conference at the Waldorf-Astoria
April 23-25, New York’s hotel Waldorf Astoria is the venue for the fourth annual Global AgInvesting (GAI) conference. The $3,000 admission ticket is not for the small land holders from Africa or farmers who resemble John Steinbeck’s Joad family. Instead, it targets institutional and global end investors, and fund managers – all mulling over economic opportunities that agricultural lands have to offer.
Join food justice activists, African students, OWS groups, and environmental organizations challenging agricultural investment that harms people at the Global AgInvesting (GAI) conference, April 24 at the Waldorf-Astoria.