The New Alliance was announced in conjunction with the G8 meeting last Friday. Under the scheme, some 45 corporations, including Monsanto, Syngenta, Yara International, Cargill, DuPont, and PepsiCo, have pledged a total of $3.5 billion in investment in Africa. The full list of corporations and commitments has just been released, and one of the most notable is Yara International‘s promise to build a $2 billion fertilizer plant in Africa. Syngenta pledged to build a $1 billion business in Africa over the next decade. These promises are not charity; they are business.