Tuesday, June 23, 2009

Africa-Israel under scrutiny for settlement construction


Adri Nieuwhof, The Electronic Intifada, 22 June 2009

"Africa-Israel is the latest target of a boycott campaign by Palestine solidarity activists because of the company's involvement in the illegal Israeli settlements in the occupied West Bank. American and European financial institutions hold a substantial stake in Africa-Israel Investment, investigations reveal.

Africa-Israel Investment is an international holding and investment company based in Israel whose subsidiary, Danya Cebus, has been deeply involved in the construction of illegal Israeli settlements in the Occupied Palestinian Territories (OPT). According to research by the Israeli Coalition of Women for Peace, the company executed construction projects in the Israeli settlements of Modi'in Illit, Ma'ale Adumim, Har Homa and Adam. In addition, Africa-Israel offers apartments and houses in various settlements in the West Bank through the Israeli franchise of its real estate agency, Anglo Saxon, which has a branch in the Ma'ale Adumim settlement.

Diamond mogul Lev Leviev is Chairman of the Africa-Israel Investment Board of Directors, and holds roughly 75 percent of the company. On 8 March, the Israeli newspaper Haaretz reported that Lev Leviev does not have a problem with building in the OPT "if the State of Israel grants permits legally."....."

No comments: