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Vol 2 (AAC) No 12

Published 1st October 2009


Tanzania

The next great land sale

Seoul is trying to buy into Tanzania's farm sector shortly after Daewoo precipitated a political confrontation over the same issue in Madagascar

South Korea is desperately trying to manage the political fallout as it negotiates the acquisition of 100,000 hectares of farmland with the Tanzanian government. It is trying to avoid a repeat of the crisis caused when Korean conglomerate Daewoo tried to secure 1.3 million ha. of land in Madagascar last year and helped precipitate a crisis which toppled President Marc Ravalomanana.

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