The nineteenth century Scramble for Africa marked the pinnacle of European colonial ambitions on the Continent. In the period of just twenty years, the majority of Africa went from being independent to colonies of the European powers, primarily of France and Britain.
Oxfam’s Phil Bloomer reports on the shocking scandal of (mostly) secretive land-grabbing, usually from those least able to defend their rights.
There is growing concern in some African countries over the purchase of vast pieces of land in Africa by foreign business interests and governments and by the local elite. A report released last year by the researchers of the Oakland Institute in the United States said outside governments and foreign corporations have been purchasing large areas of land in Africa. The Society of the Missionaries of Africa, also known as the White Fathers, has also expressed concerns about this trend.
Oxfam called on the World Bank to stop aiding foreign investors, including the oil-rich Persian Gulf monarchies, buying up vast tracts of farmland in Africa.
NAIROBI, Kenya, Oct. 4 (UPI) -- The Oxfam charity has called on the World Bank to stop aiding foreign investors, including oil-rich Persian Gulf monarchies that can't grow their own food, buying up vast tracts of farmland in Africa and other developing regions.
On February 15th, the Responsible Endowments Coalition honored Anuradha Mittal, the Executive Director of the Oakland Institute. Anuradha spoke about university investments in land grabs—the act of buying up vast tracts of land in poor countries that often result in environmental destruction and violations of human rights.
By Imara Jones
Africa landscape photo: Creative Commons/Greg Wilis
Wall Street is at again.
FUTUREGROWTH Asset Management, a unit of Old Mutual that oversees R110 billion in fixed income investments, is buying farms in Africa to benefit from surging food prices.
Futuregrowth’s United Farmers’ Fund has spent R450 million buying nine fruit and vegetable farms in South Africa since December 2010.