The County Government of Kisumu, the Ministry of Trade and Investment of the National Government, and United Green (UG) signed a Memorandum Of Understanding (MOU), on Wednesday, March 22.
This agricultural agreement marks the beginning of a promising collaboration aimed at improving agricultural production in the region, thereby bolstering food security and promoting trade in agricultural commodities. It’s a significant step towards a brighter future for the county and the surrounding areas.
The Memorandum of Understanding (MOU) was signed, in London, United Kingdom, outlining a plan for direct investments of Ksh 31 billion in various crop value chains in the medium to long term by a private investment company and other project partners.
Pre-production activities are set to commence at the beginning of the upcoming financial year. This joint venture is considered a significant milestone that will greatly impact the country’s food security situation.
The county government has pledged to do its part in achieving the noble objective of enhancing food security in the region. In addition, the lead partners in the project, United Green and the national government’s Ministry of Trade, have demonstrated their strong commitment to the success of this collaboration.
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This project is not only expected to address food security in the region but also create numerous job opportunities for residents in the catchment areas. The government has also promised to provide the necessary land for the project.
The investment will bolster the Kenyan Government’s efforts to increase productivity, encourage youth participation, and create employment in the development of local agriculture and associated industries while meeting the growing demand for high-quality, safe food products.
This project will also deliver the largest and most modern integrated crop and agro-industrial processing system in Kenya.
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.
The Kenyan investment project is part of its’ Five years’ agro-food capital investment strategy, via UK investment holding company UG Nutrition Limited.
The primary goal is to achieve not only highly attractive economic returns but also positive environmental and social outcomes for rural communities. The project aims to maintain a steady supply of high-quality, nutritious, and safe agricultural commodities and consumer-branded products for Kenyan consumers. The success of this endeavour will have significant economic and social benefits for the local communities.
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