Investors from around the globe are buying or applying to buy several hectares of land in different African countries. The countries in focus include the Democratic Republic of Congo, Angola, Swaziland, Botswana, Mozambique and South Africa. But the business is not restricted to these countries and is spreading across Africa. The Korean firm Daewoo Logistics announced in November 2008 its move to secure 1.3 million hectares of land in the south of Madagascar. The land, leased for 99 years, was intended to be used for intensive farming that would gaurantee Korean’s food supply in times of crisis.
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