The Competition Authority of Kenya (CAK) has approved the sale of more than 100 hectares of Karuturi Flower Farm in Naivasha by Shalimar Flowers.
The Competition Authority of Kenya has given a ray of hope to more than 3,000 workers of Karuturi Flowers (200 ha) after it approved its purchase by Shalimar Flowers Kenya Limited.
Assets up for grabs include a 70-hectare piece of land and greenhouses sitting on 26 hectares of land
- Business Daily
25 Nov 2022
Stanbic Bank has received the nod to proceed with a piecemeal auction of assets of one of Kenya’s largest flower farms, Karuturi Limited to recover a Sh1.6 billion debt.
Enregistré à Singapour, mais piloté depuis Dubaï, le groupe de négoce de produits agricoles, d'engrais et de charbon Swiss Singapore, très connecté à New-Delhi, a commencé avec succès ses activités d'exportation de riz vers l'Afrique.
- Africa Intelligence
03 Jun 2022
In the yesteryears, international investors trooped to the Kenyan lakeside town in search of land to grow flowers but it is no longer the case.
We can no longer afford to pour billions in public money into projects that exacerbate debt, inequalities, poverty and climate change
19 Jan 2022
Cash-strapped Karuturi Flowers in Naivasha is back in court in a bid to stop receiver managers from auctioning its property over Sh1.8 billion debt
Amaryllias Farmland is a new tech-based online platform which allows one to have ownership of managed farmland from anywhere in India and also monitor its operations remotely.
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.
Banks receive nod to auction Karuturi assets in Kenya