Ethiopia is Africa’s 2nd largest (and the world’s 5th largest) cut flower exporter and is experiencing strong growth – since 2001, Ethiopia’s cut flower industry has grown by 147,000% – growing from US$145k to US$230M. Kenya is Africa’s largest (and the world’s 4th largest) exporter of cut flowers with exports of US$645M in 2013. Ethiopia and Kenya account for 11% of the global cut flower market which has an estimated value of US$8.4B. In 2013, world leading PE firm KKR’s first investment in Africa was a $200M purchase of an Ethiopian cut-flower venture. Read more here…
KCB appoints Paul Russo as Group CEO
The KCB Group PLC Board has today appointed Paul Russo as the company’s Group Chief Executive Officer (GCEO) effective May...