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Archive for March 10th, 2010

The Re-Colonization of Africa

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Alternet out with a grim report on Africa. It would appear that much of the land in the Sudan, Tanzania, Kenya, Malawi, Madagascar, Ethiopia, and many other nations is being bought up by billionaires and multi-national corporations in a 21st century “scramble for Africa”. All of this is being done, of course, though shady backroom deals between business executives and US-installed dictators – without the permission or even notification¬† of the indigenous peoples already living there.

As a few locals remark:

“The foreign companies are arriving in large numbers, depriving people of land they have used for centuries. There is no consultation with the indigenous population. The deals are done secretly. The only thing the local people see is people coming with lots of tractors to invade their lands.

“All the land round my family village of Illia has been taken over and is being cleared. People now have to work for an Indian company. Their land has been compulsorily taken and they have been given no compensation. People cannot believe what is happening. Thousands of people will be affected and people will go hungry.”

It looks like this is mainly agribusiness, commodity traders, investment banks and hedge funds. They’re quite plainly “hedging” against future environmental disaster by cornering virtually the last untouched, sparsely populated and cheap land to be had. And they’re making a killing – leases go for $1 per year per 2.5 acres.

Written by pavanvan

March 10, 2010 at 11:14 pm