Finance

Land grabbing, a roadblock to Africa’s economic development - Prof. Samir Amin

Friday, 16 December 2016 09:00

On the sidelines of a symposium organized in Dakar, Prof. Samir Amin said land grabbing contributed in a great part to African nations’ slow development.

Denouncing a type of globalization that disadvantages “small” economies, the French-Egyptian scholar said Africa’s growth lies in farming which must be backed by solid land reforms.

The general development trend of capitalism is based on the expropriation of the majority of villagers resulting in their emigration to cities or outside the country, or to both simultaneously. This line of development supported by the World Bank, the European Union, by everybody, is a dead-end because a persistent desertion of African villages would give rise to slums,” said the Third World Forum’s director and President of the Global Alternative Forum.

Prof. Amin’s concern is explained by the alarming expansion of land grabs, in Africa especially which is considered as the new Eldorado of agro-industrial multinational companies. In a report released on Oct. 11, 2016, entitled “Land Matrix Analytical Report II: International Land Deals for Agriculture”, Land Matrix revealed that since 2000, African countries have recorded 422 land deals, representing 42% of total registered in the world.

Souha Touré

On the same topic
• Gabon disputes CCC rating, cites reforms and April election.• Fitch flags high debt and deficits, despite recent relief steps.• IMF deal eyed for 2026,...
• Ethiopia seeks $5B for UN development plan by 2030.• $6.5B deal signed, $1.5B already secured for SDGs and resilience.• Challenges...
• Gabon lost $1.75 bn in tax exemptions over three years.• New exemptions suspended, audit and reforms underway.• Import tax relief targets food and...
• Nsia Banque to launch securitizations in 5 West African countries to fund SMEs• Securitization frees credit by converting receivables into securities•...
Most Read
01

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
02

Kenya tops African entries in 2025 IMD ranking at 56th globally. Botswana, Ghana, South Afric...

Six African Countries Rank Among Top Economies in 2025
03

Ucamwal plans three new funds in Côte d’Ivoire, including Halal and women-focused options Two...

United Capital to launch Islamic and women-focused funds in Côte d’Ivoire
04

Mauritius is the most peaceful country in Africa for the 18th year in a row Sub-Saharan Afric...

Global Peace Index 2025: Mauritius Leads Africa, Again
05

• Google unveils Veo 3, its latest AI tool for ultra-realistic video generation• Experts warn deepfa...

Deepfake Threat Becomes Alarming in Africa as AI Advances Faster Than Laws
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.