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.
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Source: Toronto Star
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