"Nitol-Niloy Group and Bhati Bangla Agrotec of Bangladesh aim to invest an initial US$18 million to lease around 40,000 hectares of African land by the end of this year to grow foodstuff, most of which they will be obliged to sell in Bangladesh.
The two companies are joining a global phenomenon of land purchases by the private sector and governments in foreign territories, much of it in Africa.
More than 200 other Bangladeshi companies are said to be interested in carrying out similar purchases; in Uganda alone there is a potential 220,000 hectares of land that could be bought. Kenya is also keen to let Bangladeshi businessmen invest in land there, according to Bangladesh Foreign Ministry sources"...........LINK
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