South Korean company Daewoo Logistics signed a 99-year lease in Madagascar for about 1.3 million hectares, or about half of the island's arable land. It is the largest lease of this type in history and would have supplied half of South Korea's grain imports. The organization Collectif pour la Défense des Terres Malgaches, TANY was established in reaction to the lease (in which monetary compensation for the land was not included) and petitioned the government to first consult with stakeholders before agreeing to foreign land deals. The petition was ignored. The Major of Antananarivo (the largest city in Madagascar), Andry Rajoelina, criticized the president, Marc Ravalomanana, for supporting the deal. Rajoelina's administration rose in popularity because of his opposition to to Daewoo.

million hectares of farmland, infrastructure projects, and an estimated 45,000 – 70,000 jobs (mostly filled by skilled south African workers) with a plan to produce 5 million metric tones of corn annually.