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Land Grab in Africa

Posted by: Tim Halbur

12 March 2010 - 1:00pm

In what The Guardian calls "the greatest change of ownership since the colonial era," enormous swaths of African land is being sold to foreign countries seeking agricultural lands to feed their growing populations.

An investigation estimates that up to 50m hectares of land is either changed hands or is in the process of being sold over just the past few years.

John Vidal writes, "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."

Full Story: How food and water are driving a 21st-century African land grab
Source: The Guardian U.K., March 12, 2010
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