Karuturi Global Ltd

EPRDF banks on outsourcing food production

Addis Abaaba has decided to withdraw from the regional governments the right of attributing leases of over 1,000 ha. However, the 2010 federal budget lists no income whatsoever, and no information on this subject appears in the quarterly reports of the National Bank of Ethiopia.

Karuturi set to raise $100 mn

India's Karuturi plans to emerge as a leading player in agriculture in the African continent, with revenues from agriculture trumping revenues from floriculture in two years.

Out of Africa

Indian floriculture companies are moving into other agri-products in the world's second-largest continent.