Seven years after the farm was placed under receivership due to debts owed to Kenya Revenue Authority and a local bank, the final nail has been hammered on its coffin. Workers now worry for the Sh300 million they are owed in salary arrears, union dues and savings.
- The Standard
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22 July 2021
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
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
Après avoir accumulé 2 000 ha à Mbane pour la production des pommes de terre, la société Senegindia passe à l'agriculture sous contrat
"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
The pandemic has opened an opportunity for activities such as illegal logging and land grabs across Asia-Pacific because of less oversight and accountability.
Malaysia's Felda Global Ventures is forming a joint-venture with Hyderabad-based Pre-Unique India to expand its operations in India, including the operation of agricultural plantations.
The Development Bank of Ethiopia suspending loans for commercial farms because of the failure of numerous farms in Gambella, where the Bank was even tricked into giving two loans for a single agriculture project.
- Addis Fortune
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16 April 2020
Suguna Poultry Kenya, subsidiary of India’s multinational Suguna Foods, will expand its breeder and hatchery poultry farms with financing from the World Bank's IFC.
- Africa Agribusiness
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11 Mar 2020
Au Sénégal, les producteurs pointent un doigt accusateur sur une concurrence déloyale exercée par SENEGINDIA, qui bénéficie d'une concession de 10 000 ha
Le ministre sénégalais de l'Agriculture et de l'Equipement rural, le Professeur Moussa BALDE, a effectué une visite au périmètre agricole exploité par la société SENEGINDIA, sise à MBane, région de Saint-Louis.
- Dakar Actu
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08 February 2020