US Hedge Funds Buy Land in Africa

Thursday, June 09, 2011

American hedge funds are buying massive amounts of land—larger in size than the state of California—in Africa, often without proper contracts, according to the Oakland Institute, an independent policy think tank. The hedge funds say that it's an effort to uplift the economies of African nations, but some critics say it's a "land grab;" an opportunity to buy cheap land to grow food crops that will be exported to richer countries, ultimately depleting Africa's natural resources and raising global food prices. 

Mark Doyle, International Development Correspondent for our partner, the BBC, speaks with us about this from London.

Guests:

Mark Doyle

Produced by:

Kate McGough and Sitara Nieves

Comments [1]

Stev from Maun

The waforward is to rent land from either government or citizens especially where clear policies of citizen empowerment are available like in Botswana.

Jun. 09 2011 01:40 PM

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