Whether for profit or social motives - and often both - an increasing number of investors are targeting opportunities in African agriculture. At the same time innovative approaches for deploying aid to support farming businesses linked to smallholders are emerging. This blog provides a snapshot of who is doing what, where and how.

26 January 2010

Gulf firm seeks long-term lease on Tanzanian farmland

A UNITED Arab Emirates (UAE) company is seeking a 98-year lease on vast tracts of farmland in Tanzania to grow rice in order to secure food supplies for the Gulf countries.

Pharos Miro Agriculture Fund, which was launched in November last year, plans to lay hands on 50,000 hectares of prime land in Tanzania this year.

According to media reports from the Gulf, the private sector fund is to invest $350m in farmland across Africa and Europe. This Day article.