Three years later after going into receivership, hopes of revival are a withering prospect and hundreds of families that once formed a thriving community revolving around the Naivasha-based company are living in squalor.
The process of selling off the largest flower farm in Naivasha, Karuturi, has kicked off, with a new liquidator moving in.
Kenya's High Court has given creditors of the collapsed Karuturi Limited a go-ahead to begin the winding up of the once vibrant flower firm.
To Karuturi, who has also offered to grow up to one million tonne of lentils for India on farm tracts leased in Ethiopia, the Mozambique model is an example of "political correctness."
Reports emerge that former workers of the Karuturi flower farm in Kenya, and their children, are in hardship after the farm was placed under liquidation and 3,000 workers sent packing.
More than 200 former employees, waving placards and chanting slogans, accuse the company of failing to settle their dues before the company is taken over by a new management.
Ramakrishna Karuturi has mocked plans to sell off his Naivasha-based flower farm, saying the liquidation procedure will not affect his ownership of the land, which is held through separate subsidiaries.
One of the country’s largest flower farms Karuturi limited has officially been closed, with receiver managers and liquidators moving in to wind up the farm.
An Ethiopian court has handed down a nine-year jail sentence to a leading dissident from the restive region where the government has leased vast tracts of land to foreign investors.
After close to three years and many court cases in Nairobi and Nakuru, the curtains appear to be coming down on one of the world’s biggest players in the cut flower industry — Karuturi Limited — after its owners conceded to an application to wind it up.
Kenya’s biggest flower firm is set to go under the auctioneers’ hammer, as owners of the Indian multinational failed to defend the winding up petition filed in court by creditors.
Nearly 100 commercial farming investors in Gambella are losing thousands of hectares of land because the region leased, by mistake, lands under federal jurisdiction.
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