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
BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. Holmarcom already owns 2.41% of BMCI and acquired...
Senegal approves payment for its capital subscription to the African Energy Bank (AEB) APPO says the contribution brings the bank “closer to...
Ethiopia may receive about US$261 million once the review is approved. The ECF programme supports the country’s Homegrown Economic Reform (HGER)...
IFC considers €75.25 million investment in cocoa processor Guan Chong Funds to expand cocoa processing plant in Côte d’Ivoire Project...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...

Benin Government Says Attempted Coup Against President Talon Has Been Foiled
03

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
04

In Cotonou, Benin’s economic capital and home to the country’s leading institutions, the situation r...

Calm in Cotonou - Benin After Coup Announcement on State Owned Television
05

GSMA outlines reforms needed to meet targets of the New Technological Deal 2034 High mobile taxes...

GSMA Maps the Reforms Required for Senegal’s Digital Takeoff
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.