Dubai-based Phoenix Group to invest in rose exporter Karuturi’s Kenyan biz
- VC Circle
- 19 Mar 2018
Dubai-based agriculture and food company Phoenix Group will invest in debt-laden Kenya operations of rose exporter Karuturi Global Ltd.
Dubai-based agriculture and food company Phoenix Group will invest in debt-laden Kenya operations of rose exporter Karuturi Global Ltd.
Plus de 130 millions de FCfa [200 000 euros] ont été emportés par des voleurs, qui ont réussi à cambrioler la ferme agricole de Senegindia à Mbane
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.
The scheme financed by India's Exim Bank was to see the cultivation of some 14,100 acres of sugar cane but delays in the release of funds for the growing of the sugar cane has turned the plant into a white elephant.
India’s programme to compensate for the destruction of forests for development projects is routinely setting up monoculture tree plantations on community commons. Women, who are mostly affected, are at the centre of its resistance.
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
Park Agrotech, which is part of the Skylark Group, has established a poultry farm, feed mill and a fruits, vegetables and cereals farm on 4,000 acres of land at Lake Volta in the Eastern Region of Ghana.
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.
Le Directeur National de l’horticulture a félicité cette société indienne pour les performances agricoles qu’elle a enregistrées dans sa zone d’intervention située à Mbane.
A $5 billion Exim Bank of India fund to support Africa's agriculture development through the "Feed Africa" project seems to fit into the Africa Development Bank's plans to improve the agriculture sector
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.
To censure activism and opponents, Indian corporates have been using legal protection against journalists and campaigners but the debate on this issue has not taken off, possibly because of fear.