Karuturi Global on Ethiopian plans
- NDTV
- 07 June 2010
"Personally, I believe that in five years or in ten years time I would like to be seen and compared with peers such as Cargill or the Archer Daniels of the world or the Bunges of the world."
"Personally, I believe that in five years or in ten years time I would like to be seen and compared with peers such as Cargill or the Archer Daniels of the world or the Bunges of the world."
"What Karuturi is doing is what Africa needs, wants and deserves," says Ram Karuturi. Yet 400 Ethiopians have signed a petition saying they received no compensation after being evicted from land taken over by Karuturi.
Standard Chartered Bank's Africa private equity arm and a unit of Reliance Capital are in talks to invest in Dubai-based Karuturi Overseas.
Karuturi believes the potential for large profits is so great that it plans to invest nearly $1bn in its Ethiopian agricultural operations
Documentary for Japan Broadcasting Corporation, focusing on Tanzania and Ethiopia
Programme aired on NHK World presenting a documentary by Kohei Tsuji filmed in Ethiopia and Tanzania - in Japanese only - 35 minutes
Until last year, people in the Ethiopian settlement of Elliah earned a living by farming their land and fishing. Now, they are employees.
"This apparent rush to lease so much farmland, much or all of it to foreign interests, during a time of worsening food insecurity should raise concern within the donor community about GoE motivations and negotiating capacity," writes the US embassy in Addis Ababa in December 2009
Al-Amoudi's recently established Saudi Star Agricultural Development Plc requested, two weeks ago, an additional 250,000 ha of land in Ethiopia for sugar beet production.
Sai Ramakrishna Karuturi, managing director of Karuturi Global Ltd was conferred with the award for business excellence in agribusiness in Africa by Corporate Council on Africa, for the year 2009.
Lured by a new business model, wealthy nations flock to farmland in Ethiopia, locking in food supplies grown half a world away
Many small Ethopian farmers do not share their leaders' enthusiasm for leasing off farmland to foreign investors