Home > Africa > Indian agribusiness sets sights on land in east Africa | guardian.co.uk

Indian agribusiness sets sights on land in east Africa | guardian.co.uk

Indian agribusiness companies are ready to spend $2.5bn buying, or renting for decades, several million hectares of cheap land in Ethiopia, Tanzania and Uganda in what could be some of the largest farming deals struck in Africa in the last 50 years.

But in a separate development, plans for a US-based investment company to lease up to 1m hectares of South Sudan for only $25,000 a year appears to have stalled following protests by local communities over the potential “land grab”.

Read more here: Indian agribusiness sets sights on land in east Africa | Global development | guardian.co.uk.

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