Karuturi to start afresh in Ethiopia
Sai Ramakrishna Karuturi aka Ram Karuturi, Chief Executive Officer of KGL, told The Reporter that the company has now dropped all court cases it claimed against the government of Ethiopia and is planning to start fresh in all four farms it used to hold, since 2004.
“We are withdrawing our case against the government and the government is signing a fresh lease for 25,000 hectares,” Karuturi wrote in reply to the questions forwarded by The Reporter via text message.
Asked whether he means to forgo the previous 100,000 hectares of farm land he used to own in Gambela Regional State, Karuturi answered: “[It’s] a win-win compromise. Once we are able to develop the 25,000 hectares, we will be given more. For now, let’s not bring ego into this. The government is sovereign.”
Read more at The Reporter (Birhanu Fikade)
