CBS News – The questionable, unchecked, speculative practices of large financial institutions that sent the world into a near-calamitous economic recession recently are being repeated in Africa through land-grabbing deals, The Oakland Institute, a California-based think tank, said in a recent report.
Hedge funds are partaking in “largely unregulated land purchases” throughout the continent that essentially amount to “the conversion of African small farms and forests into a natural-asset-based, high-return investment strategy” and are often nothing more than “land grabs,” the report states.
