Special Report on
IFC Private Enterprise Partnership China
IFC Private Enterprise Partnership China - Trends
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WASHINGTON, April 23, 2010/African Press Organization (APO)/ — IFC, a member of the World Bank Group, has signed its first direct investment with a Chinese company operating in Sub-Saharan Africa to support the continent’s sustainable development. The loan is part of the World Bank Group’s initiative to encourage China-Africa cooperation by backing Chinese companies’ investments in Africa. IFC’s $10 million loan will help finance a 20-story office and retail building complex in the central business district of Dar es Salaam, Tanzania. The project will help address the short supply of quality ...
The large-scale acquisition for industrial agriculture in African and other developing countries has been described as a global land grab, ‘threatening food, seed and land sovereignty of family farmers, social stability, environmental health and biodiversity around the world’, writes Joan Baxter. While it is understandable that investors deny that this kind of agricultural investment is a ‘land grab’, says Baxter, what is perplexing is that ‘the same kind of rhetoric is coming from some whose job it is to protect Africa’s farmers’ rights and their farmland from exploitative ... Read More
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