Wednesday, July 13, 2011

tanzania land grab

At least 21 investors from famous US firms were in Tanzania to scout for business opportunities have acquired, among other things, land for production of food crops in East Africa’s second largest economy. Mwanaidi Maajar, Tanzania’s Ambassador to the US accompanied them.

Dr Jes Tarp, President of Aslan Global Management, LLC based in the US said that he would soon start soybeans, sunflower, wheat and barley production in Tanzania.

"Presently we have made agreements to acquire 100,000 acres of land for cash crop production in Morogoro Region," he said, noting that he has also been operating in Mozambique and Ukraine.

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