Wednesday, June 01, 2011

China buying land in Africa

from a 2009 article

The countries where China are mainly in South Africa including Mozambique, Tanzania, Malawi and currently Angola. The agricultural land story began with Zambia in 1995 when Zhongkan Farm, a private Chinese company invested $22,000 in a farm project. By the end of 2007, the number of farm projects across Africa had increased to 63. Mozambique has received $800 million from China for modernizing its agricultural sector. This will be used to increase rice production in the country from 200,000 tons to 500,000 tons. Teams from the Chinese Hunan Hybrid Rice Institute and at least 100 specialists are stationed in Mozambique.

Similarly, Tanzania received millions of dollars to modernize its own agricultural sector. The idea behind this was to help create a green revolution in Africa. In the entire African continent, 1134 agricultural specialists have come from China to teach and see the implementation of agricultural modernization policies.

Angola is increasingly becoming the most sought after country for Chinese investment. It is already China’s biggest trading partner, and is now going to benefit through agriculture. Angola offers the best environment for beef production, coffee, spices, fruits, sugar and cotton.

The agricultural revolution gradually taking place in Africa is not just beneficial for China alone, it is also helping the African countries as an employment generating industry and providing larger food supplies for its starving millions. It is a win-win situation for both.

Source : Chinafrica

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