Black People : Land Grabbers; Corporations buying up massive chunks of Africa

Ankhur

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Africa: Invasion of the Land Grabbers

U.S.-based multinational corporations are buying up massive chunks of Africa



Suppose that, one day, a foreign investor decided to buy a vast tract of fertile land in the United States. Suppose all that is grown or produced on that land, and all profits made, would be shipped directly overseas. Worse, imagine that those Americans who had been living off that land for decades, maybe centuries, would be forced to move and given little to no compensation.


... the practice of land grabbing has been intensifying and affecting the most vulnerable—peasants, farmers and indigenous people,” Valente says.

The Food and Agriculture Organization of the United Nations (FAO) estimates more than 75,000 square miles have been acquired by foreign interests in Africa alone. A 2010 field study conducted by FIAN in Ethiopia found that the equivalent of up to 20 percent of the country’s arable land has been bought by or made available to foreign investors.

American companies are among those making land deals in Africa. New York-based Jarch Capital, bought an area the size of Dubai from a warlord in South Sudan last year, and Dominion Farms Ltd., which bought swampland in Kenya in 2003 to turn it into a rice plantation, has reportedly intentionally flooded local farms to force the relocation of farmers.

http://www.globalresearch.ca/index.php?context=va&aid=23090
 

Blaklioness

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Well....like Cokely says...gotta name the names. Who's letting them do it? So much of the African tradition has forbidden outright selling of land---at least in Ghana you can only lease for a certain period of time. Name the names.




Africa: Invasion of the Land Grabbers

U.S.-based multinational corporations are buying up massive chunks of Africa



Suppose that, one day, a foreign investor decided to buy a vast tract of fertile land in the United States. Suppose all that is grown or produced on that land, and all profits made, would be shipped directly overseas. Worse, imagine that those Americans who had been living off that land for decades, maybe centuries, would be forced to move and given little to no compensation.


... the practice of land grabbing has been intensifying and affecting the most vulnerable—peasants, farmers and indigenous people,” Valente says.

The Food and Agriculture Organization of the United Nations (FAO) estimates more than 75,000 square miles have been acquired by foreign interests in Africa alone. A 2010 field study conducted by FIAN in Ethiopia found that the equivalent of up to 20 percent of the country’s arable land has been bought by or made available to foreign investors.

American companies are among those making land deals in Africa. New York-based Jarch Capital, bought an area the size of Dubai from a warlord in South Sudan last year, and Dominion Farms Ltd., which bought swampland in Kenya in 2003 to turn it into a rice plantation, has reportedly intentionally flooded local farms to force the relocation of farmers.

http://www.globalresearch.ca/index.php?context=va&aid=23090
 

Ankhur

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Leading the rush are international agribusinesses, investment banks, hedge funds, commodity traders, sovereign wealth funds as well as UK pension funds, foundations and individuals attracted by some of the world's cheapest land.

Together they are scouring Sudan, Kenya, Nigeria, Tanzania, Malawi, Ethiopia, Congo, Zambia, Uganda, Madagascar, Zimbabwe, Mali, Sierra Leone, Ghana and elsewhere. Ethiopia alone has approved 815 foreign-financed agricultural projects since 2007. Any land there, which investors have not been able to buy, is being leased for approximately $1 per year per hectare.


Saudi Arabia, along with other Middle Eastern emirate states such as Qatar, Kuwait and Abu Dhabi, is thought to be the biggest buyer. In 2008 the Saudi government, which was one of the Middle East's largest wheat-growers, announced it was to reduce its domestic cereal

http://www.guardian.co.uk/environment/2010/mar/07/food-water-africa-land-grab
 

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