La firme de private equity a acquis une part majoritaire au capital d’Altilands SA, la société qui contrôle le producteur kényan de roses haut de gamme, Red Lands Roses, pour accélérer son expansion à travers l’acquisition de 20 hectares
3,000 former workers of the once flourishing Naivasha based flower farm have been gien two months notice to move out and pave way for the sale of the staff quarters.
Elara India Opportunities Fund, which Indian lawmakers suspect may be linked to Gautami Adani, was the largest foreign shareholder in Karuturi Global Ltd, owning 3.25% of the company in 2018.
Seven years after the farm was placed under receivership due to debts owed to Kenya Revenue Authority and a local bank, the final nail has been hammered on its coffin. Workers now worry for the Sh300 million they are owed in salary arrears, union dues and savings.
Stanbic Bank, in Kenya, is now free to auction assets of Karuturi Ltd over a debt of USD 16.6 million after the Supreme Court dismissed an appeal by its shareholders and guarantors.
A community land rights defender who was kidnapped from his home and tortured by Uganda People’s Defense Force (UPDF) soldiers guarding Kiryandongo Sugar Limited has been arraigned before a magistrate court in Kiryandongo district and charged with threatening violence.
The Silverlands I portfolio, the continent’s largest agricultural investment fund, includes primary production and beef and poultry assets across South Africa, Namibia, eSwatini, Zambia, Tanzania, Kenya, Uganda and Mozambique.
The joint venture by Wilmar, Josovina Commodities and Bidco Africa Ltd is establishing its second palm oil project on Buvuma Island and targets to have 1,000ha under trees this year and 5,000ha in four years
