Land rental deal collapses after backlash against ‘colonialism’

January 15, 2009

One of the world’s largest land deals, a scheme to lease African farmland to rich countries to grow their own crops, has collapsed amid accusations of ‘neo-colonialism’.

Madagascar was poised to sign a 99-year agreement to rent 1.3 million hectares of land to South Korea’s Daewoo Logistics Corporation to plant maize and palm oil for export. More-