Kenya

Kenya: New investor lands at Yala Swamp

The Siaya county government has given the green light for a new investor -- Lake Agro Limited, a subsidiary of the Rai Group of Companies -- to move into Yala swamp and takeover existing farms.

Karuturi loses court immunity in liquidation row

The decision by the Supreme Court's Court of Appeal gives the green light to Stanbic Bank Plc to dispose off Karuturi Limited assets as foreclosure to defaulted loans totaling to Ksh. 621 million in the flower farm's pre-receivership

Karuturi sues bosses over secret loans

Naivasha-based flower firm Karuturi has sued Stanbic Bank and four receiver managers for allegedly thwarting its revival through mismanagement and secret acquisition of loans.