Narok secures Sh28b investment for agriculture

The County Government of Narok signed Sh54.7b deals with several investors during an investment summit held in the county last week.

 

The  investments, spanning across Agriculture, Education, Healthcare, Infrastructure, Energy and Tourism, were confirmed during the December 3-4 summit, with the new projects are estimated to bring a total of 3825 new jobs.    

A further Sh132b investment, with the promise of 4750 new jobs, is in negotiation. 
Agriculture

Out of the total confirmed deals, Sh28.35billion will be invested in agricultural projects among them the construction of a modern abattoir, wheat and maize milling plants, and a potato processing firm.

These investments in agricultural projects were pledged by a total of six companies, Hind Agro Industries Ltd, Upland Crops, SAMM Ventures, Maha Lakshmi Roller Mills, Ambeet Sugar Holdings and Mara Quality Foods Limited.

The projects to be initiated by the six companies are expected to create 1200 jobs.

More to come

In addition, negotiations are ongoing with five other companies, for a total investment of Sh2.5b in agricultural projects within the county, which will further create 1350 jobs.

Narok County is situated in Kenya along the Great Rift Valley and covers an area of 17,944 sq km and has a population of 850,920.

The temperature range in the area lies between 12 to 28 degrees celcius and the average rainfall received is between 500 and 1,800 mm per annum.

Currently only 28% of the arable land in the county is under cultivation.