Kenya’s biggest flower firm is set to go under the auctioneers’ hammer, as owners of the Indian multinational failed to defend the winding up petition filed in court by creditors.
- Daily Nation
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04 April 2016
Nearly 100 commercial farming investors in Gambella are losing thousands of hectares of land because the region leased, by mistake, lands under federal jurisdiction.
Like Karuturi’s disappeared $100 million farm investment, the Addis Ababa expansion plan embodies the perils and contradictions of the Ethiopian regime’s strategy of securing internal calm through economic growth and strong ties with foreign powers.
- Business Insider
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19 January 2016
Karuturi Global Ltd., one of the largest investors in Ethiopia’s farm industry, is challenging the termination of its project, claiming the government broke the terms of its agreement with the company.
- Bloomberg
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11 January 2016
The Ethiopian Agricultural Investment Land Administration Agency has terminated its lease contract with the controversial, Indian based agribusiness giant - Karuturi Global Ltd.
Are foreign investors really snatching up as much of Africa as they can? It’s not that simple, Foreign Policy reports.
- Foreign Policy
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20 October 2015
L’Afrique est-elle vraiment en train de passer aux mains des investisseurs étrangers ? Les choses ne sont pas si simples, relate Foreign Policy.
- Foreign Policy
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20 October 2015
Troubled plantations company Karuturi Limited’s owners have asked the High Court to jail the flower firm’s receiver managers for denying them access to its financial records in disregard of a court order issued in July.
- Business Daily
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08 September 2015
Many Punjab farmers who went to Africa and Georgia in search of greener pastures are returning home
- Business Standard
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30 May 2015
Deposed Indian flower firm is planning a major comeback to Kenya next month, after entering a debt deal that would enable it retake its vast farms currently under control of its creditor CFC Stanbic Bank.
ESAT's WWH Show interviews Obang Metho on land grabs by Karuturi and other companies in Ethiopia.
The approach taken by Ethiopia and India to reaching development goals and fulfilling environmental promises by leasing or buying large tracts of fertile land affects land, water and indigenous people.
- Digital Journal
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03 Mar 2015