Tagged: Ghana

Don’t grab land, invest in the locals

Don’t grab land, invest in the locals

Multinational corporations and nations buy up land in foreign countries, most of them intending to export the production. Oxfam recently published a report about this phenomenon, called land-grabbing and its problems for the local societies. However, the Oxfam’s study also gives recommendations for a possible solution to the dilemma.

FAO and Germany call for more responsible investments in agriculture

FAO and Germany call for more responsible investments in agriculture

José Graziano da Silva – Director-General of Food and Agriculture Organization – and Ilse Aigner – the German Minister of Food, Agriculture and Consumer Protection – have pointed out the importance of a significant increase in responsible investments in agriculture. Thus the issue of eradicating hunger and feeding a growing world population can be addressed. They further explained that investments in regions with severe rural poverty and hunger are still too low. Efforts should be concentrated on farmers because they play a key role in the rural environment.

BoG to consider Islamic banking in Ghana

BoG to consider Islamic banking in Ghana

The Bank of Ghana (BoG) has indicated that it might consider introducing Islamic finance to Ghana provided that the prospects are positive. There have been arguments among industry players whether or not Islamic banking is a potential solution to the h…

“Land-grabbing” in Africa (1)

“Land-grabbing” in Africa (1)

Ethiopia is one of the hungriest countries in the world, with more than 13 million people needing food aid, but paradoxically the government is offering at least three million hectares of its most fertile land to rich countries and some of the world’s most wealthy individuals to export food for their own populations.

The 1,000 hectares of land that contain the Awassa greenhouses are leased for 99 years to a Saudi billionaire businessman, Ethiopian-born Sheikh Mohammed al-Amoudi, one of the 50 richest men in the world. His Saudi Star company plans to spend up to US$2 billion acquiring and developing 500,000 hectares of land in Ethiopia in the next few years. So far, it has bought four farms and is already growing wheat, rice, vegetables and flowers for the Saudi market. It expects eventually to employ more than 10,000 people.

read more