Multinationals must prepare to cede some land to the very poor
- Daily Nation
- 22 Mar 2019
It is doubtful at Del Monte can continue owning so much land in perpetuity in Kenya.
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
CFC Stanbic bank has been asked to explain a debt it is owed by struggling Naivasha-based Karuturi flower farm.
The Governor of Meru, Kenya has promised Chinese investors free land as he seeks to attract investment in agribusiness and the hospitality industry.
A report by the Economist Intelligence Unit says land grabs are another common mechanism of corruption threatening Kenya's food security, citing instances where backdoor deals were used to secure land.
Kenya's Court of Appeal is in December expected to determine if Karuturi will pay Sh1.8 billion contested debt to Stanbic Bank before the dispute before High Court is determined.
Siaya county government has not surrendered the Yala swamp to a private sugar milling company as alleged by a section of the media, the county director of communications, Jerry Ochieng has said.
Kenya's court of appeal will rule on the 20th of December on the ownership of the Karuturi farm which was put under receivership over a debt it owed one of the banks.
As announced as part of Prime Minister Theresa May's visit to Africa, the Department for International Development will provide a further £55m to support AgDevCo's mission to create jobs, improve food security and boost prosperity in Africa.