Understanding Land Investment Deals in Africa: Publications
Reports
Vendre les terres au plus offrant : Le plan de la Banque mondiale pour privatiser les biens communs détaille comment la Banque préconise des réformes, via un nouvel indicateur foncier dans le projet EBA, encourage les acquisitions de terres à grande échelle et l'expansion de l'agrobusiness dans les pays en développement. Ce nouvel indicateur est désormais un élément clé de l'initiative EBA, qui dicte les réformes favorables aux entreprises que les gouvernements devraient mener dans le secteur agricole.
The Highest Bidder Takes It All: The World Bank’s Scheme to Privatize the Commons details how the Bank’s prescribes reforms, via a new land indicator in the Enabling the Business of Agriculture (EBA) project, promotes large-scale land acquisitions and the expansion of agribusinesses in the developing world. This new indicator is now a key element of the larger EBA project, which dictates pro-business reforms that governments should conduct in the agricultural sector.
Indonesia: The World Bank's Failed East Asian Miracle details how Bank-backed policy reforms have led to the displacement, criminalization, and even murder of smallholder farmers and indigenous defenders to make way for mega-agricultural projects. While Indonesia's rapidly expanding palm oil sector has been heralded as a boon for the economy, its price tag includes massive deforestation, widespread loss of indigenous land, rapidly increasing greenhouse gas emissions, and more.
The Great Timber Heist-Continued: Tax Evasion and Illegal Logging in Papua New Guinea makes public new evidence of financial misreporting and tax evasion in the logging industry in Papua New Guinea (PNG).
Kuipoteza Serengeti, Ardhi Ya Wamasai Iliyopaswa Kudumu Milele, is a Kiswahili translation of the report Losing the Serengeti: The Maasai Land that was to Run Forever.
Losing the Serengeti: The Maasai Land that was to Run Forever is based on field research, never publicly-seen-before documents, and an in-depth investigation into Tanzania’s land laws. This report is the first to reveal the complicity between Tanzanian government officials and foreign companies as they use conservation laws to dispossess the Maasai, driving them into smaller and smaller areas and creating a stifling map of confinement.
Carbon Colonialism: Failure of Green Resources’ Carbon Offset Project in Uganda exposes the continued and relentless attacks of Green Resources on the rights of local people and the environment in Kachung, Uganda.
Pages
Briefs
Emergent Asset Management (Emergent), a private limited liability company based in the UK and minority owned by Toronto Dominion Bank, claims to be managing the largest agricultural fund in Africa. Using private equity to invest in industrial agriculture in sub-Saharan Africa, Emergent is however, a prime example of the troublesome rise in speculative funds that are investing in African agricultural land.
EmVest Asset Management is a joint venture between Emergent Asset Management and Grainvest, a subsidiary of the RussellStone Group. Based out of Pretoria, South Africa, EmVest operates the African Land Fund (ALF) and lists social responsibility as a guiding tenet of its investment strategy, citing a desire to bring “economic uplift to communities through commercially viable, first world practices.”
Saudi Star Agriculture Development PLC, owned by Saudi-Ethiopian billionaire Mohammed Al-Amoudi, acquired 10,000 hectares of land along the Alwero River in the Gambella region of Ethiopia.
Quifel International Holdings (QIH) is the Lisbon-based personal holding of businessman Eng. Miguel Pais do Amaral, a Portuguese aristocrat, businessman, and former majority owner of the Media Capital Group.
The Malibya project established by the Libyan Africa Investment Portfolio secures 100,000 hectares of fertile land for Libya within the borders of Mali. The land, located in the Office du Niger, comes free of charge for 50 years. Libya intends to build the necessary agro-industrial infrastructure (e.g. canals and roads) in order to cultivate rice and cattle in the region.
Addax Bioenergy Sierra Leone Limited is the company behind the most developed land deal in Sierra Leone to date. “Renewable energy” subsidiary of Addax & Oryx Group, a Swiss-based energy corporation, Addax has leased 20,000 hectares for 50 years in the Bombali district to grow sugarcane to produce ethanol for export to Europe and electricity from the by-products to be sold in Sierra Leone.
Food prices have been increasing sharply since 2005. According to the World Bank, global food prices have climbed by 83% over the last three years. The real price of rice rose to a 19-year high in March 2008―an increase of 50% in two weeks alone―while the real price of wheat hit a 28-year high, triggering an international crisis.
World prices for basic staples have skyrocketed―up 83 percent compared to three years ago―while hunger and destitution reaches record levels. Corn registered a 31 percent increase between March 2007-2008, rice 74 percent, soya 87 percent and wheat a whopping 130 percent. Policy makers and media continue to place blame for skyrocketing prices on a variety of factors, including high fuel costs, bad weather in key food producing countries, and the diversion of land to biofuels. Increased emphasis, however, has been placed on a surge in demand from emerging economies―for instance, from the middle classes of India.
In February 2006, the United States and South Korean governments announced their intention to negotiate a free trade agreement. South Korea is the U.S.’ seventh largest trading partner and the U.S. is South Korea’s third largest trading partner.