Kofi Annan Blasts Hedgies For Acquiring So Much African Land

The former secretary general for the UN, Kofi Annan, recently commented on hedge funds' buying a disturbing amount of land in Africa.

"It is very disturbing that a recent report found that agricultural land that adds up to the size of France was bought in Africa in 2009 alone by hedge funds and other speculators."

Oakland Institute says investors own land in Ethiopia, Mali, Mozambique, Sierra Leone, South Sudan, Tanzania, and Zambia. Oakland Institute made its research public. The report says that in 2009 alone nearly 60 million hectares (the size of France) was purchased or leased in a "land grab."

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