By William Davison,
Gleaming tractors and harvesters are sitting idle five years after Karuturi Global Ltd. (KARG) opened a farm in Ethiopia that was hailed as the poster child of the country’s plan to triple food exports by 2015.
About 80 percent of the Bangalore-based company’s land in the southwestern Gambella region is on a flood plain, meaning its 100,000-hectare (247,100-acre) concession is inundated by the Baro River for as much as seven months of the year, according to Managing Director Ramakrishna Karuturi. The company was unaware of the extent of the flooding when it leased the land, he said. Continue reading Ethiopia’s Foreign Land Lease Frenzy Fail to Deliver Food for Export