KKR branches out to Africa with $200m Ethiopian rose farm deal

Wsj.com Addis Ababa – For private-equity giant KKRKKR +1.24%, a debut investment in Africa smells of sweetheart roses. Afriflora is an Ethiopian company that grows about 730 million of the flowers a year for export to Europe, making it a significant player in the east African country’s blossoming cut flower export industry. KKR is investing

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Flower firm now sets it sights on Ethiopia

24 March 2014 By Moses Michira The Standard Digital Kenya: Kenya’s flower industry is a lucrative one, worth over Sh80 billion in revenues a year, but the recent collapse of Karuturi with billions in unpaid obligations could be the clearest indicator

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