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A New Trend
Africa
*LANDLand with rich fertile soil is ideal for
food cultivation.
*LABOURAfrica cannot produce enough medical
doctors and specialized labour force sustain their rapid growing population .
*CAPITALAfrica is not self sufficient to produce
its own cars, aircrafts or come up technological or medical advancement, to meet the populations rising demand
1
3 Foreign investments
Foreign investments
15-20 million hectares of farmland in poor countries in Africa worth 30 billion dollars
(6.2million acres) of farmland in five sub-Saharan African countries have been bought or rented in the last five years at a total cost of 920 million.
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Saudi Arabia
Contract Gave Daewoo logistics the right to grow and export maize and palm oil to south Korea to the tune of 6 billion dollars.
*The second important characteristic of these new land acquisitions are specifically focused stables such as wheat, maize, rice
Saudi Arabia
Has approached the Tanzanian government in April 2008 to lease 500,000 hectors of farmland for rice and wheat production.
Government To Government
In Conclusion