Stanbic Bank, in Kenya, is now free to auction assets of Karuturi Ltd over a debt of USD 16.6 million after the Supreme Court dismissed an appeal by its shareholders and guarantors.
- Business Daily
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19 July 2021
CDC's commitment to company that operates on large swaths of farmland in Africa marks one of its largest corporate debt investments ever.
A community land rights defender who was kidnapped from his home and tortured by Uganda People’s Defense Force (UPDF) soldiers guarding Kiryandongo Sugar Limited has been arraigned before a magistrate court in Kiryandongo district and charged with threatening violence.
- Witness Radio
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22 April 2021
The Silverlands I portfolio, the continent’s largest agricultural investment fund, includes primary production and beef and poultry assets across South Africa, Namibia, eSwatini, Zambia, Tanzania, Kenya, Uganda and Mozambique.
- HowWeMadeItInAfrica
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07 April 2021
The joint venture by Wilmar, Josovina Commodities and Bidco Africa Ltd is establishing its second palm oil project on Buvuma Island and targets to have 1,000ha under trees this year and 5,000ha in four years
- Food Business Africa
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09 Mar 2021
In an order dated January 25, 2021, Honorable NCLT Bengaluru has initiated liquidation proceedings in the matter of Karuturi Global Ltd.
- Moneycontrol
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27 February 2021
The Kenya Human Rights Commission wants the Murang’a County Assembly to block any plans to renew the land leases held by Kakuzi until claims on historical land injustices are resolved.
- The Standard
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15 February 2021
British colonial plantation company producing food for UK supermarkets settles claims with victims of horrific abuses in Kenya - rape, murder and beatings - but refuses to address the issue of land.
Researchers say the growing interest of companies in investing in agricultural land is the main cause for land inequality.
Kenya's Murang'a county is home to Kakuzi, the food producer and exporter that occupies some 15,904 ha. Land ownership in this fertile area is out of reach for many who consider it their ancestral home.
"On the other side is Karuturi flower farms - it has also been taken away"
- Kenya Citizen TV
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15 November 2020
Two directors of the bankrupt Karuturi flower farm have moved to court accusing the company’s creditors and receivers of destroying a property they had been using as a wildlife and bird-watching lodge for "high value" visitors
- The Standard
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31 October 2020