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Article

25 May 2012

Author:
Joanna Rea, Bond, in Guardian [UK]

2012 G8 summit – private sector to the rescue of the world's poorest?

...Of most interest was an initiative on food security and nutrition, the new alliance for food security and nutrition...[T]his initiative to "achieve sustained and inclusive agricultural growth and raise 50 million people out of poverty over the next 10 years". Yet the initiative is...focused on mobilising private capital. It includes agreement by 45 local and multilateral companies to invest $3bn in African agriculture and the alliance will be launched initially in only three countries: Tanzania, Ethiopia and Ghana...[refers to SABMiller, Monsanto, United Phosphorous, Diageo, Yara, Unilever, Vodophone]