The people of Africa pay a high price
Foreign investments in land endanger African livelihoods
Foreign investors in Africa have bought or leased an area twice the size of France, and this is likely to accelerate in the next few years. Many leasing contracts are fixed for 99 years. Thus, huge African arable areas cannot be used by the local population for generations to come.
Land investments lead both to decreasing space for people to produce their own food, and to increasing food prices, since the total amount of food produced decreases.
Africa needs its own resources of land, water and energy. The people living on the continent pay dearly for the wellbeing of other people. Should Africa in addition abandon parts of its own food production for the benefit of the increased energy consumption of the global rich?
The ongoing land grabbing in Africa may be compared to colonialism and Europe’s exploitation of the continent’s natural resources. It is now done in a more refined manner, but the consequences for people in Africa are largely the same.