Hedge funds are behind land grabs in Africa to boost their profits in the food and bio-fuel sectors, a US think-tank says. In a report, the Oakland Institute said hedge funds and other foreign firms had acquired large swathes of African land, often without proper contracts. It said the acquisitions had displaced millions of small farmers.
United States, China and the European Union announced they would recognize south Sudan as the world’s newest nation. President Barack Obama went further and rewarded north Sudan for its cooperation by taking it off a terrorism blacklist.
China has defended its economic and trade relations with African nations. In the first policy paper on the subject, Beijing said China-Africa co-operation helped Africa to reach the UN Millennium Development Goals, and boosted common prosperity and progress.
Brazil launches Monday its international Public Broadcasting Service with the initial purpose of penetrating the African continent, more precisely the former Lusitanian Empire where Portuguese is spoken.
Brazilian president Lula da Silva thanked the United Nations for the two prizes awarded for his leadership in fighting hunger and poverty with a strong speech condemning rich countries, global speculation and “capitalist myopia”.
Brazilian president Lula da Silva discarded any sort of retirement once he steps down from the Executive next December 31 and underlined he will continue to act in politics.