There can be no denying that the Kuraz sugar plantation project has so far failed on its “development promises” made to the indigenous local communities.
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.
Birhanu Fikade of "The Reporter" sat down with Atkyelesh G.M. Persson (PhD) to learn about her findings on large scale FDI that failed to deliver the desired results in Ethiopia
Scholar and employee of the UN Economic Commission for Africa, Atkyelesh G.M. Persson, recommends that the government, private sector and academia further investigate the potential damages large scale farms have perpetrated in Ethiopia and beyond.
A 15,000-hectare concession awarded to Karuturi Global in Ethiopia’s Gambela region has left locals fearing their ancestral lands will be cleared for agribusiness once again by the Indian firm.
Una coalición de grupos hace un llamado urgente ante las autoridades de Etiopía y de India para que se cancele la concesión de nuevos contratos de arrendamiento de tierras a la compañía de agronegocios Karuturi Global.
En avril 2019, Karuturi Global a informé ses actionnaires qu'on lui avait "accordé 15 000 hectares de terrain pour des activités agricoles" à Gambella, mais le contrat de bail n'a toujours pas été délivré par les autorités compétentes
A diplomatic intervention by the Indian government and law suits filed by the company appear to have pushed Ethiopian authorities to backtrack and offer a new lease in the Gambella region, this time for 15,000 hectares.
Shares of Karuturi Global may remain in action, as its subsidiary Karuturi Agro Products Plc, Ethiopia, has been granted 15,000 hectares for agricultural activities.
While Ethiopian and foreign companies such as Karuturi Global and Saudi Star have been given large leases and credit to farm lands in Gambella, local people have largely been left out, just as they have been excluded for decades
