The concept of ecological debt (E.

D) came into existence upon the growing realization that ecological imperialism and the capitalistic nature of the developed nations in the north were significantly crippling development in the south. Rodney (1973) laments that an indispensable component of modern underdevelopment is that it expresses a particular relationship of exploitation and all nations labeled as underdeveloped are being exploited directly or indirectly. Imperatively ecological debt has come to the fore to highlight the disparity between the industrialized nations who consume a disproportionate share of the world natural resources and those underdeveloped nations who consume less but suffer more than their counterparts in the north.E.D has been defined as the debt accrued by industrial countries from environmental degradation engendered by their exploitation of developing countries natural resources(Afrodad,2010) it can also mean calling in the historical debt that the industrialized countries from the North have with the Southern Countries caused by the removal and exportation of the raw materials found in the south, such as oil and minerals as well as forestry, marine and genetic resources whose extraction is destroying the eco-systems and the local populations source of survival.The debt can be quantified by the equation: E.D=environmental damage +laws and rights violations+Co2

absorption+Accumulated debt A new report from nef(new economics foundation)has revealed humanity in 2009 going into ecological debt on 25 September, this was based on the ecological footprint` measure which adds up all the natural resources we consume and the waste we generate, and compares them with what ecosystems accumulation can of produce debt is and absorb(STWR,2010).The continued largely augmented by the European style

consumption patterns who thorugh large scale

multinational corporations

have made vast land acquisition deals and leases with African states which have targeted up to 20million hectares of farmland to grow food for

consumers in the wealthy nations resulting in such deals being rightfully termed land grabs. The following paper shall elaborate in detail how Africa has been a victim of development. The western ideology of accumulation by dispossession has significantly impacted the growth of Africa in some cases to a point of stagnation,unequal trade and investment relationships have resulted in Africa becoming a victim of development as European nations are growing at the expense of African states. In Zimbabwe statistics from the ministry of finance indicate that despite e buoyant metal prices ,treasury managed to collect a mere $20,7million in revenue from mineral sales of $594million in the 9months ended September 2010(Musarurwa,2011),even the minister of finance Mr. Biti reiterated that over 80% of the mining deals made after independence are highly exploitative and need to be revamped and renegotiated.Multinationals such as Rio Tinto and Zimplats