Investors' Denial About Africa Landgrabbing
Agricultural Investment summit opening in London on the 26th of June. What came out was a denial of any kind of speculation in Africa. These statements will need further consideration indeed.
Below is an article published by Al Jazeera:
http://www.aljazeera.com/video/africa/2012/06/2012626192348873565.html
Investors interested in buying land in Africa have denied accusations that they are involved in land grabs, insisting their practice is the only way to feed growing populations.
Land in Africa, often extremely fertile and absurdly cheap, is the current talk of the investment market. The wealth funds assess issues to do with political volatility, risk of extreme weather, bribery and corruption.
One problem with the buy-up of Africa is that there is little oversight except from local governments and the investment funds themselves.
Video link: http://aje.me/L0aLhB
