Indian billionaire and Pepsi International franchise holder Ravi Jaipuria wants to acquire vast swathes of prime land in Zimbabwe to diversify into production of key agricultural products.
According to the Kerala press, Sai Ramakrishna Karuturi, managing director Karuturi Global Ltd, has been arrested for fraud.
Corporate Insolvency Resolution Process has been initiated against Bengaluru-based Karuturi Global, which owns large rose farm holdings in Kenya, Tanzania, Ethiopia, Pune and Bengaluru.
Birhanu Fikade of "The Reporter" sat down with Atkyelesh G.M. Persson (PhD) to learn about her findings on large scale FDI that failed to deliver the desired results in Ethiopia
- The Reporter
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10 August 2019
Scholar and employee of the UN Economic Commission for Africa, Atkyelesh G.M. Persson, recommends that the government, private sector and academia further investigate the potential damages large scale farms have perpetrated in Ethiopia and beyond.
- The Reporter
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10 August 2019
Kiryandongo Sugar, allegedly owned by some Indians, Agilis, owned by an American called Philip Investor, and Sole Agro Business Company, also owned by Indians, have been named in the evictions of thousands of people in the western districts of Kiryandongo and Masindi in Uganda.
- The Observer
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07 August 2019
SENEGINDIA a obtenu 300 ha destinés à l'agriculture avec l’aval des autorités communales, "ce qui est contre les intérêts des populations" selon un villageois de Tagar
A 15,000-hectare concession awarded to Karuturi Global in Ethiopia’s Gambela region has left locals fearing their ancestral lands will be cleared for agribusiness once again by the Indian firm.
Una coalición de grupos hace un llamado urgente ante las autoridades de Etiopía y de India para que se cancele la concesión de nuevos contratos de arrendamiento de tierras a la compañía de agronegocios Karuturi Global.
En avril 2019, Karuturi Global a informé ses actionnaires qu'on lui avait "accordé 15 000 hectares de terrain pour des activités agricoles" à Gambella, mais le contrat de bail n'a toujours pas été délivré par les autorités compétentes
A diplomatic intervention by the Indian government and law suits filed by the company appear to have pushed Ethiopian authorities to backtrack and offer a new lease in the Gambella region, this time for 15,000 hectares.
« L’Etat du Sénégal, en plus d’avoir donné des terres aux indiens, subventionne ces derniers à hauteur de 9 milliards de fcfa », dénonce le porte-parole des exploitants sénégalais des Niayes
- Teranga News
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26 April 2019