- Kisumu County Government, the National Government Ministry of Trade and Investment, and United Green (UG) signed a Memorandum of Understanding (MOU) on Wednesday as a first step toward a long-term collaboration in enhancing agricultural production in the county and region for improved food security and agricultural commodity trade.
- He noted the project will not only address food security in the region but also offer job opportunities for citizens.
Kisumu County Government, the National Government Ministry of Trade and Investment, and United Green (UG) signed a Memorandum of Understanding (MOU) on Wednesday as a first step toward a long-term collaboration in enhancing agricultural production in the county and region for improved food security and agricultural commodity trade.
The MOU signed in London, United Kingdom, envisages direct investments of up to Sh1 billion in various crop value chains in the medium to long- term, by the private investment company and other partners in the project.
Pre-production activities are expected to begin at the beginning of the next financial year.
Kisumu Governor Anyang’ Nyong’o on Wednesday announced
"Today, on behalf of Kisumu County I signed a Monumental Kshs 31B co-investment partnership between United Green (UK) and the County Government of Kisumu," Nyong'o said.
"This flagship agriculture investment program is set to revitalize the sector."
The governor said the venture will change the food security in Kenya notably and the county will play its role to ensure the objective is achieved.
“This is a landmark Joint Venture that will change the food security situation in the country significantly,” Nyong’o said.
“The Kisumu County Government will do its part for the achievement of this noble objective.”
According to Nyong’o, the lead partners in the project- United Green and national government’s Ministry of Trade have showed the strongest commitment to the success of the collaboration.
He noted the project will not only address food security in the region but also offer job opportunities for citizens.
“This project will not only address the food security in the region but will offer thousands of job opportunities to people living in the catchment areas,” he said.
The governor expressed his county’s commitment to availing land needed for this project, which he said will further support Kenyan Governments’ strong commitment to increasing productivity, youth participation and employment within the development of local agriculture and associated industries, and strong demand for high quality, safe food products.
Nyong’o also said the project will also deliver the largest, most integrated crop and agro-industrial processing system in the country’
“This project will also deliver the largest and most modern integrated crop and agro-industrial processing system in Kenya,” the governor said.
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.
Nyong’o added that the project’s objective is to deliver both highly attractive economic returns, positive environmental and social outcomes within rural communities, and maintaining a constant supply of high quality, nutritious, and safe agricultural commodities and consumer branded products for Kenyan consumers.
Trade and Industry Cabinet Secretary Moses Kuria was present during the signing event.