Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber
Top Flower Plc

Ethiopian grower sues Dashen bank over auction of farm

The Ethiopian Dashen Bank has been summoned to court to defend the recently concluded foreclosure of Top Flower Plc, a flower farm in Holeta, Ethiopia. Owners of the company alleged deceitful behaviour and fraudulent action on the part of both the Bank and the single bidder, Green Marks Herbs managing partner, Tamrat Habtamu.

A loan was granted 12 years ago to the original owners of Top Flower, the renowned local investor Mekia Mamo and her husband. Later, in 2012, it was sold to Fleuramica S. A. a Luxembourg-registered company and Pavel Korostelev, its Russian managing partner.

Click here tor read the complete article at allafrica.com.
Publication date:

Related Articles → See More