The Ethiopian Horticulture and Agricultural Investment Authority says it is negotiating with Karuturi Global over a request to continue operations in Ethiopia, after long disagreement with the company about its 100,000 hectare farm project in Gambela Region.
Sai Ramakrishna Karuturi tells Reuters that the governments of India and Ethiopia are working to “amicably resolve outstanding Karuturi issues”.
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High Court says Karuturi's Honorary Consul of Ethiopia status does not provide immunity from tax authorities and says he violated the sanctity of the consulate by carrying on his other business activities on the premises.
Protesters in the Oromia Regional State burned down about 70ha of a corn farm that belongs to ELFORA Agro-Industries Plc- a company owned by Sheikh Al Amoudi, who is currently under arrest in Saudi Arabia.
Qatar's Minister of Economy and Commerce said the agreement would help facilitate investment co-operation between Qatar and Ethiopia in various sectors, particularly in agriculture and food security.
Arrests of some of Saudi Arabia's richest people includes two businessmen with large-scale farmland investments: Alwaleed bin Talal investing in Egypt and Mohammed Al Amoudi in Ethiopia.
Sudan wants to expand agricultural production and investments, which could benefit it as well as Egypt, but Cairo worries that such a development might threaten its supply of the Nile's water.
Claiming to have made an investment of US$75M and created 4000 jobs, Karuturi is not only appealing for the release or re-export of its properties but to sue Ethiopian officials hereferred to as “responsible” for violations of rights of a foreign entity.
One final straw for the German company which owns 70,000 ha of land in Oromia has put a definitive end to its Ethiopian adventure.
Le groupe allemand propriétaire de 70 000 hectares de terres en Oromia a vu un dernier événement mettre un point d'arrêt définitif à son aventure éthiopienne.
La multinationale annonce son intention de sortir du pays suite à l’annulation de son allocation de terres. Karuturi est l’un des premiers investisseurs étrangers à louer des terres en Éthiopie.
Karuturi Global Ltd., an Indian flower grower, demanded compensation from the Ethiopian government for a series of failed land deals as it prepares to exit the Horn of Africa nation.
