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14-06: The East African community model contract for farmland investments: ensuring responsible investment in land in east africa.
1:30pm - 3:00pm
The East African community model contract for farmland investments: ensuring responsible investment in land in east africa.
Christopher Bazivamo1, Jean Baptiste Havugimana1, Mohamed Coulibaly2
1East African Community - EAC; 2International Institute for Sustainable Development - IISD, Mali
Large-scale land based investment in arable land has been rendered unpopular by a range of international NGOs and social movements who considered them as ‘land grabbing. True, the negative effect of such investment -that heightened local and national food security; deprives local people of their livelihoods and especially women- cannot be underestimated. But on another hand, land-based investments is seen for many host governments as a way to tackle poverty and enhance development in terms of providing the necessary capital and technological know-how for modernising the agricultural sector and particularly in escalating agribusiness and agro-industrialisation. The question then relies on how to conciliate these two contradictions? How to maximize the potential gain of foreign land investment while reducing its risks?