Mark Ravalomanana, to quote the kids these days, is on some shit. It seems the President of Madagascar has initiated a deal that gives half of Madagascar’s arable land (2.5M hectares) to a South Korean company on a 99-year lease. The lease, according to various reports will NOT have a price tag. Korean firm Daewoo Logistics will plant corn and other crops in 1.3M hectares of unused land for development of an export crop valued at $2M per year. The Madagascar government, according to reports, will receive nothing beyond a promise for jobs.
Surely this is more propaganda from the West which stands to lose significant revenues from the Korean market for corn. You know when the British are referring to a deal as “colonial” there are problems – for them, their permanent ally (the U.S.) or their former subjects.
If these reports are true, it’s time for a coup in Madagascar. If the President has lost his mind to this degree, he needs to be wearing cement shoes and to be induced to take a long walk into the Indian Ocean.