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
Morocco forecasts economic growth rising to 5.6% in 2026 Outlook driven by agriculture rebound and resilient non-farm activity Inflation...
Equity Group reports 75.5 billion shillings profit, up 55% Growth driven by regional subsidiaries and digital banking expansion Board raises...
Tanzania’s central bank has taken a stake in Africa Finance Corporation The move gives access to long-term infrastructure financing and technical...
BOA Senegal net profit rises 10.1% to 21.9bn CFA francs Growth driven by higher banking income and controlled loan losses Bank maintains dividend as...
Most Read
01

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
02

CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...

Strengthening the Business Climate in WAEMU Countries: CCR-UEMOA Reviews Its Midterm Record
03

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
04

ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...

ECOWAS Considers Regional Platform to Enforce Air Passenger Compensation
05

World Bank announces $137 million to boost West Africa digital economy Program expands broad...

Benin, Liberia and Sierra Leone Receive $137M to Expand Digital Access for 5.2 Million People
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

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


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.