In December 2016 Monsanto shareholders voted in favour of the sale of the company to Bayer for US$66 billion, making it the largest-ever foreign corporate takeover by a German company. Both Bayer and Monsanto are major global manufacturers of agrochemicals and seeds, including genetically modified seed.
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White men meet in London to plot ways of profiting off Africa's seed systems
A meeting is to be held in London on 23 March by predominantly white men with a sprinkling of Africans, some of whom represent private seed companies, to discuss how to make a killing off Africa?s seed systems.
In a scandalous move of skulduggery, the African Fertiliser and Agribusiness Partnership (AFAP), under the guise of empowering smallholder farmers in Africa, is subsidising multinational fertiliser and financial corporations on African soil. Other beneficiaries of this scheme are the global grain trading and food processing giants.