A U.S. think-tank is calling for a moratorium on the sale of land in Africa to hedge funds, investment firms and bio-energy companies until they begin to use ethical and fair negotiations when dealing with local farmers and villages.
The California-based Oakland Institute says that largely unregulated land purchases by hedge funds and foreign speculators result in virtually none of the “promised benefits” for native populations in a recently released report.
“We are finding these are false promises for Africa,” said Frederic Mousseau, policy director for the think-tank, in an interview with the Star.
Millions of local farmers are being forced off their land to make room for agribusiness, backed by bio-fuel companies, investment firms and hedge funds, Mousseau said. And the deals lack any transparency.
Full Article
Source: Toronto Star
The California-based Oakland Institute says that largely unregulated land purchases by hedge funds and foreign speculators result in virtually none of the “promised benefits” for native populations in a recently released report.
“We are finding these are false promises for Africa,” said Frederic Mousseau, policy director for the think-tank, in an interview with the Star.
Millions of local farmers are being forced off their land to make room for agribusiness, backed by bio-fuel companies, investment firms and hedge funds, Mousseau said. And the deals lack any transparency.
Full Article
Source: Toronto Star
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