By Samuel Ouma
The United Green of the United Kingdom on Wednesday sealed a $235.9 million agricultural deal with Kenya’s county government of Kisumu.
The memorandum of understanding is a first step towards a long-term collaboration in enhancing agricultural production in the county and the region for enhanced food security and trade in agricultural commodities.
The Kenyan delegation led by Kisumu Governor Prof. Anyang’ Nyong’o and Trade and Investment Cabinet Secretary Moses Kuria and United Green representatives signed the mouthwatering deal in London.
“The MOU signed in London, United Kingdom, envisages direct investments of up to Ksh31 Billion ($235.9 million) in various crop value chains in the medium to long- term, by the private investment company and other partners in the project,” said Prof. Nyong’o.
As part of the deal, pre-production activities are expected to commence at the start of the next financial year, July 1, 2023.
According to Governor Nyong’o, the project is expected to address food security in the region and offer thousands of job opportunities to people living in the catchment areas.
The investment will further support the Kenyan Governments’ strong commitment to increasing productivity, youth participation and employment within the development of local agriculture and associated industries and the strong demand for high-quality, safe food products.
It will also deliver Kenya’s largest and most modern integrated crop and agro-industrial processing system.
United Green is a British-based private strategic investment group with specialist expertise, investment and operating record of accomplishment in developing and managing large-scale Greenfield business enterprises globally across multiple sectors.
