KENYAN FIRM INVEST 3.0 BLN SHILLINGS ON DAIRY PROCESSING PLANT

Sameer Agriculture and Livestock, a member of the diversified Kenyan conglomerate, Sameer Group, is investing three billion shillings (about 29.64 million US dollars) on a dairy processing plant in Salgaa in Nakuru, about 160 kilometres northwest of here due to become operational in June next year.

Its Chief Executive Officer, Sameer Merali, says the plant, which will employ 500 people, is among the few in Africa with some of the most modern dairy production facilities.

Investors have in recent years been increasing investments in the milk processing business in Kenya with facilities expanded as well as new ones constructed. The investments have been driven by a rapidly expanding market whose size is expected to more than double over the next decade.

Sameer Group’s new milk processing plant is expected to be fully operational in June next year and will be be the first of its kind in Africa with some of the most modern dairy production facilities, rivalling the best in the world.

He says investment in the Salgaa plant is part of the more than one billion shillings that the company has invested so far in the dairy sector.

The latest investment is expected to intensify competition in a sector which has been dominated by Brookside Dairies, which is the country’s largest milk processor.

Source: NAM NEWS NETWORK