Kenya: Fresh dispute rocks planned Yala swamp takeover
- The Nation
- 29 January 2020
Yala swamp in Siaya County whose recently announced takeover has ran into fresh controversy after Ugunja MP Opiyo Wandayi issued new conditions to the new investor.
Yala swamp in Siaya County whose recently announced takeover has ran into fresh controversy after Ugunja MP Opiyo Wandayi issued new conditions to the new investor.
British and Kenyan lawyers allege that during the colonial period. the British army and colonial administrators deployed rape, murder and arson to seize swathes of arable land in Kericho, Kenya, from its traditional owners - rights violations for which nobody has ever answered.
According to the Kerala press, Sai Ramakrishna Karuturi, managing director Karuturi Global Ltd, has been arrested for fraud.
Residents of Yala swamp, in Kenya, have begun the process of registering the land to ward off cartels seeking to benefit from the process after the departure of Dominion Farms
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.
One of the key proposals is the establishment of 50 new large-scale farms of 2,500 acres or more that will be funded, owned and operated by the private sector, in a plan aimed at unlocking up to 500,000 acres.
Plans are underway to ensure the family gets a portion of Yala Swamp land - 3,700 hectares - to develop sugarcane.
It is doubtful at Del Monte can continue owning so much land in perpetuity in Kenya.
Fruit processor Del Monte will have its land in Murang’a and Kiambu counties surveyed in in order to address the historical injustices committed against the area residents.
US fruit processor Del Monte will have its 8,900 ha of farmland surveyed in order to address historical injustices committed against the area residents.
The Siaya county government has given the green light for a new investor -- Lake Agro Limited, a subsidiary of the Rai Group of Companies -- to move into Yala swamp and takeover existing farms.
The decision by the Supreme Court's Court of Appeal gives the green light to Stanbic Bank Plc to dispose off Karuturi Limited assets as foreclosure to defaulted loans totaling to Ksh. 621 million in the flower farm's pre-receivership
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