EIA cracks down on tardy investors
- Africa Intelligence
- 10 January 2014
The Ethiopian Investment Agency (EIA) has withdrawn 3,000 investment permits that it had previously granted to Ethiopian and foreign companies, including Karuturi Global Ltd.
The Ethiopian Investment Agency (EIA) has withdrawn 3,000 investment permits that it had previously granted to Ethiopian and foreign companies, including Karuturi Global Ltd.
Several investors with large agricultural leases are being investigated for illegal activities, including corruption, environmental destruction, and failure to uphold the terms of their contracts
The Kenya Flower Council foresees huge implications for the country when Karuturi goes down, reports Flora Culture International
African countries are also welcoming big agricultural projects bankrolled by foreign investors whose goal is to send food abroad.
Karuturi, like many other large-scale investors, underestimated the complexity of opening land for large-scale commercial agriculture.
Flower growers in Kenya have gone on strike to protest unpaid wages from Karuturi Global, the Indian flower export multinational.
Central Organisation of Trade Unions has called for the immediate arrest and prosecution of the management of a flower farm owned by the Indian company, Karuturi.
After enabling foreign firms to grab vast stretches of land, the government has begun to review its land policy.
En privé, les officiels éthiopiens reconnaissent l'échec de leur politique d'agriculture commerciale basée sur la location à bas prix d'immenses portions de terres à des firmes étrangères.
Workers of the troubled Karuturi farms in Kenya went on strike to demand their two months salaries. The incident came two days after four workers tried to commit suicide outside the farm's gates in protest.
A manufacturer of a cartons and polythene bags has applied to the High Court in Kenya to wind up cash-strapped Indian flower firm, Karuturi.
A meeting called to address the problems facing Karuturi flower farm in Naivasha, Kenya, was cancelled. The farm directors who had flown in from India kept off the venue of the meeting due to the anger of union officials and the farm workers