Acquisition of Africa?s SeedCo by Monsanto, Groupe Limagrain: Neo-colonial occupation of Africa?s seed systems
The Alliance for Food Sovereignty in Africa (AFSA) is deeply concerned about the recent acquisitions by multi-national seed companies of large parts of SeedCo, one of Africa?s largest home-grown seed companies. Attracting foreign investment from the world?s largest seed companies, most of who got to their current dominant positions by devouring national seed companies and their competitors through mergers and acquisitions, is an inevitable consequence of the fierce drive to commercialise agriculture in Africa.
The deals in question involve French seed giant Groupe Limagrain, the largest seed and plant breeding company in the European Union, who has invested up to US$60 million for a 28% stake in SeedCo. In another transaction, SeedCo has agreed to sell 49% of its shares in Africa?s only cottonseed company, Quton, to Mahyco of India. Mahyco is 26% owned by Monsanto and has 50:50 joint venture with the gene-giant to sub-license its genetically modified (GM) bt cotton traits throughout India. Interestingly, Mahyco also specialises in hybrid cotton varieties, unlike Quton, who also produces open-pollinated varieties (OPVs) of cottonseed.
These acquisitions follow close on the heels of Swiss biotech giant Syngenta?s take-over in 2013 of Zambian seed company MRI Seed, whose maize germplasm collection was said