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Article: Kenya's flower firms relocate to Ethiopia
- Article from:
- Xinhua News Agency
- Article date:
- February 22, 2006
CopyrightCopyright 2006 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Kenya's flower firms relocate to Ethiopia
ADDIS ABABA, Feb. 22 (Xinhua) -- High production costs and
insecurity are forcing firms in Kenya's flower sector to relocate to
neighboring Ethiopia, Nairobi-based The East African newspaper
reported Wednesday.
According to a report posted on the paper's website, already, five
investors have acquired farms and started the groundwork to set up
operations in Ethiopia.
Erastus Mureithi, chairman of Kenya Flower Council, was quoted as
saying that flower exporters have complained for too long about
rising production costs, which are at an all time high now because of
spiraling fuel costs, a strong shilling and insecurity.
Ethiopia has become a ...