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First Tidal Acquisition Corp T.AAA


Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company's principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company has not generated revenues from operations.


TSXV:AAA.P - Post by User

Post by franky06on Jul 29, 2011 12:07am
430 Views
Post# 18885961

Chinese land buys

Chinese land buys

07/28/11

Permalink 11:38:14 pm, by nazret.com, 261 words English (US) latin1
Categories: Ethiopia, Agriculture

Germany blames Chinese land buys for Africa drought

Germany blames Chinese land buys for Africa drought

Source: AFP

BERLIN — Germany's Africa policy coordinator on Thursday blamed China's practice of buying up land in the Horn of Africa for contributing to the devastating drought ravaging the region.

Guenter Nooke told the daily Frankfurter Rundschau it was clear that "this catastrophe is also man-made".

"In the case of Ethiopia there is a suspicion that the large-scale land purchases by foreign companies, or states such as China which want to carry out industrial agriculture there, are very attractive for a small (African) elite," he said.

"It would be of more use to the broader population if the government focused its efforts on building up its own farming system."

He said that the Chinese investments were focused on farming for export which he said can lead to "major social conflicts in Africa when small farmers have their land und thus their livelihoods taken away."

"Not everything the Chinese are doing in Africa is bad," Nooke said.

"Chinese investment has perhaps an advantage: it will show how industrial farming in Africa can be carried out effectively."

He said that Germany supported a gradual phase-out of European agriculture subsidies so African farmers could have a shot at exporting their produce but admitted that there was still strong resistance.

Somalia is the Horn of Africa country worst affected by a prolonged drought -- the region's worst in 60 years -- that has put some 12 million people in danger of starvation and spurred a global fund-raising campaign.

The catastrophe has also hit parts of Ethiopia, Djibouti, Kenya and Uganda.

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