Saturday 9 April 2011

Libyan Farmland Investment Projects at Risk

The Libya Africa Investment Portfolio has invested an estimated $70 million in the two rice-growing projects covering 115,000 hectares (284,000 acres). Both projects are situated on the poor countries' most fertile farmlands but in neither has cultivation begun. And with Col. Gadhafi's sovereign wealth fund now frozen, it seems unlikely they will any time soon.