Monday, September 22, 2008

Yes but does it work?

"Cru Investment Management, the UK-based $800 million absolute return investment company, yesterday announced targeting the region and unveiled its plans to offer its new Africa Agriculture Fund in the Middle East early next year.

This fund will invest in commercial agriculture in Sub-Saharan Africa, with the aim of helping to alleviate poverty in the region, while not compromising returns for investors.

Cru, which has significant exposure in commercial agriculture in Malawi with over 2,500 hectares of land under its own control and another 4,000 hectares in outgrower schemes, said its Fund would offer investors a unique opportunity to be part of a philanthropic gesture of helping the vulnerable communities of Africa ravaged by poverty as well as earn excellent ROI in the range of 30 to 40 per cent per annum."

I'm dying to see how this works.

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