Sunday, June 12, 2011

Hedge funds 'grabbing land' in Africa

Foreign hedge funds are behind "land grabs" in Africa to boost their profits in the food and biofuel sectors, according to a US think-tank.
"The same financial firms that drove us into a global recession by inflating the real estate bubble through risky financial manoeuvres are now doing the same with the world's food supply," the report said.

http://www.bbc.co.uk/news/world-africa-13688683

http://media.oaklandinstitute.org/press-release-understanding-land-investment-deals-africa

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