Kenya

Commerce massif de terres: le nouveau monopoly
- AllNews.ch
- 17 July 2018
L’étude porte principalement sur deux pays, le Kenya et l’Ethiopie
Karuturi sues bosses over secret loans
- The Star
- 10 July 2018
Naivasha-based flower firm Karuturi has sued Stanbic Bank and four receiver managers for allegedly thwarting its revival through mismanagement and secret acquisition of loans.
Karuturi workers accuse CFC Stanbic Bank for the malpractice
- Kenyan WallSt
- 06 June 2018
The employees accuse CFC Stanbic of demanding more money than it lent to Karuturi, saying the South African lender is responsible for the poverty that struck their families since Karuturi was placed under receivership, 3 years ago.
The ripple effect caused by closure of Sher Karuturi Flower Farm
- KBC
- 05 June 2018
The lives of more than 3,000 people came to a standstill when the Karuturi flower farm shut its doors in May 2015 after being placed under receivership over accrued debt.
Karuturi farm’s liquidation battle set to take longer
- Media Max
- 23 May 2018
In a paid advert, the receiver managers detailed the items for sale but also indicated that the close to 125 hectares where the company sits would not be sold.
Anxiety grips long-suffering workers as Karuturi farm assets advertised for sale
- The Star
- 07 May 2018
More than 3,000 former workers of the troubled Karuturi flower farm in Kenaya were surprised to learn of the sale of the firm's after property in the media.
Farmers count losses as birds destroy acres of rice farm
- The Standard
- 25 April 2018
The birds are said to have migrated from Dominion Farms in the neighbouring Siaya County after the proprietor shifted from rice to sugarcane farming.
Kenya: Win for Siaya residents as county resolves to allocate Yala swamp
- The Star
- 27 Mar 2018
The department of lands in Siaya County has recommended that a portion of the contested Yala swamp lands currently occupied by US-based Dominion Farms be set aside for the community.
The fall and fall of Sai Ramakrishna Karuturi flower empire
- Daily Nation
- 10 Mar 2018
In India, Karuturi is being accused of sexual harassment while in Africa his struggling flower business in Kenya and Ethiopia has withered – first over tax arrears and debts and later over land deals gone wrong.
Karuturi faces Stanbic hammer
- Business Daily
- 06 Mar 2018
The auction of Karuturi, one of the largest flower firms in the country, marks yet another dark chapter in the company’s dramatic fall from grace
Businessman Karuturi booked for sexually harassing spa staffer
- Times of India
- 23 February 2018
Indian businessman Sai Ramakrishna Karuturi has been booked for allegedly sexually harassing a 23-year-old woman staffer of a spa centre in Bengaluru and abusing policemen who rushed to her help.
Karuturi flower farm under receivership expected to kick-start its revival
- WatsupAfrica
- 26 January 2018
Karuturi Flower Farm in Naivasha has started negotiations for an out of court settlement with its creditors. The move is expected to kick-start the revival of the flower farm which was put under receivership in 2014.