Understanding land investment deals in Africa
Source: Pambazuka News
The Oakland Institute takes a closer look at South Sudan’s largest land deal to date – the granting of a 49-year lease of 600,000 hectares of land to US-based firm Nile Trading and Development Inc (NTD) by the shadowy Mukaya Payam Cooperative in March 2008. For a sum equivalent to around US$25,000, NTD has full rights to exploit all natural resources in the leased land during this period.
The largest land deal in South Sudan to date was negotiated between a Dallas, Texas-based firm, Nile Trading and Development Inc. (NTD) and Mukaya Payam Cooperative in March 2008. The 49-year land lease of 600,000 hectares
(with a possibility of 400,000 additional hectares) for 75,000 Sudanese Pounds (equivalent to approximately USD 25,000), allows NTD full rights to exploit all natural resources in the leased land. These include: