Understanding Land Investment Deals in Africa: Publications
Unjust Enrichment: How the IFC Profits from Land Grabbing in Africa, released by Inclusive Development International, Bank Information Center, Accountability Counsel, Urgewald and the Oakland Institute shows how the World Bank Group has indirectly financed some of Africa’s most notorious land grabs. The World Bank’s private-sector arm, the International Finance Corporation (IFC), is enabling and profiting from these projects by outsourcing its development funds to the financial sector.
Justice Denied exposes the many issues that continue to plague land release and resettlement in the country, and the failure of the Sri Lankan government to fulfill its international commitments to transitional justice.
A landmark report from the Oakland Institute, Taking On the Logging Pirates: Land Defenders in Papua New Guinea Speak Out! elevates the voices of communities across the country who are opposing the theft of their land, made possible by the corrupt practices of local officials and foreign companies.
The Return of Erik Prince: Trump’s Knight in America’s New Crusade? a new brief from the Oakland Institute, exposes the comeback of the founder of Blackwater, the notorious private security company. An ardent detractor of Obama/Clinton foreign policy during the presidential campaign, Prince is now set with access to unique assets, to be a key player in Trump’s foreign policy.
As months of protest and civil unrest hurl Ethiopia into a severe political crisis, a new report from the Oakland Institute debunks the myth that the country is the new “African Lion.” Miracle or Mirage? Manufacturing Hunger and Poverty in Ethiopia exposes how authoritarian development schemes have perpetuated cycles of poverty, food insecurity, and marginalized the country’s most vulnerable citizens.
Backroom Bullying: The Role of the United States Government in the Herakles Farms’ Land Grab in Cameroon, shows how bullying by US government officials may have played a critical role in the granting of nearly 20,000 ha by the Cameroonian government to the US-based firm Herakles Farms in 2013, instead of the cancellation of clearly flawed project.
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.
For decades U.S. foreign aid has been accused of prioritizing U.S. political and military agenda over the needs of the poor around the globe. Now, the Bush administration has declared this to be the official foreign assistance policy of the United States.
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.