- Created: 28 September 2013
A report released earlier this week by the Oakland Institute investigates the role that hedge funds are playing in land grabs in Africa. Hedge funds are investing in large scale industrial agricultural projects in Africa. The result, according to the Oakland Institute is, “food insecurity, the displacement of small farmers, conflict, environmental devastation, water loss, and the further impoverishment and political instability of African nations”.
The Oakland Institute’s researchers looked at land deals in Ethiopia, Mali, Sierra Leone, Mozambique, Tanzania and South Sudan. The areas involved are vast. In 2009 alone, an area of 60 million hectares was bought or leased – that’s an area the size of France or the Central African Republic.