Tuesday, May 28, 2024

Boost to agriculture as Nyong’o pens Sh.30 billion partnership deal with United Green

Kisumu County Government has announced a partnership deal with a UK investment group- United Green in a bid to revolutionize food production and general agriculture in the Lake region.

The Sh.30 billion partnership deal will see the revival of cotton industry, dairy and fish production in the county.

Speaking during the signing event on Tuesday, Kisumu Governor Anyang’ Nyong’o said that the partnership will provide new markets for farmers in the rural areas through agri-fin-tech services.

The high productivity climate-smart farming and state-of-the-art agro-industrial facilities will create new markets for farmers in the Lake Victoria basin region over the next five years

Anyang’ Nyong’o

Trade Deficit

According to the Governor, the program will also reduce the country’s trade deficit by Sh.24 billion hence a reduction in the dependence on imported food commodities.

“The high productivity climate-smart farming and state-of-the-art agro-industrial facilities will create new markets for farmers in the Lake Victoria basin region over the next five years,” said Nyong’o.

Through the partnership, the venture’s primary farms will integrate with 100,000 hectares of surrounding farming communities.

This will be done via a unique smallholder farmer scheme which aims at increasing the productivity of farmers while providing them with sustainable farming methods.

We are proud to have found such committed foundation partners and we look forward to building a national champion business in the sector together

Albrecht Frischenschlager

Financial Security

United Green Chief Investment Officer, Albrecht Frischenschlager on the other hand expressed his gratitude while committing to create new ventures for farmers.

We are proud to have found such committed foundation partners and we look forward to building a national champion business in the sector together,” he said.

The partnership will also see farmers commit to off-take agreements for their financial security.

Austine Ogalohttp://www.lakeregionbulletin.co.ke
Lake Region Bulletin is your one stop multi-media platform for news and stories from the Lake Region counties of Kisumu, Siaya, Homabay ,Migori, Siaya, Kissi,Nyamira, Vihiga, Kakamega, Busia, Bungoma, Trans Nzoia, Nandi, Kericho and Bomet email:ogalo@lakeregionbulletin.co.ke austineogalo02@gmail.com

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