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Is this the begining of a green revolution in Africa?
With the sharp rise in global grain prices, many affluent countries with limited arable land have begun looking to Africa for food security.
Countries like Angola, Tanzania and Ethiopia have already shown interest in foreign investments and have restructured their land allocation laws to allow for this. The horticulture industry is one of the fastest growing non-traditional export sectors of many African countries, including Zambia, Zimbabwe, Ghana, Uganda, Tanzania and Malawi.
South Korean firm Daewoo has unveiled plans to plant corn on one million acres of land in Madagascar, to sharply cut its reliance on US imports.
Daewoo is leasing the vast tract of land - half the size of Belgium - for 99 years and hopes to produce 5 million tonnes of corn a year by 2023.
It will use South African expertise and local labour on the plantations.
Large Investments in Ethiopia and Kenya have been very profitable and now with countries like Saudi Arabia and Kuwait looking to invest, the African Agricultural sector seems like a great bet.
Crowd Power
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simonchambers
York (Fairbank / Oakwood), Canada -
hdptcar
New York, New York, United States -
angelikirk
Washington, District Of Columbia, United States
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Blue Crush
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Milieunet
Utrecht, Utrecht, Netherlands







Most RecentMost Recommended Comments (4)
at 13:54 on November 20th, 2008
at 14:05 on November 20th, 2008
.. and hopefully that stays true. I think its an insurance against the future where the Asian Consumers have been dependent on one producer more than anything else
at 09:01 on November 21st, 2008
hdptcar has contributed a photo to this story.
at 09:38 on November 21st, 2008
Interesting. I have moved this to the environment channel - I hope that's ok.