Nakuru Plant to Assemble Cheap Tractors From Korea

Farmers will get access to cheap locally assembled tractors and other farm machinery from South Korea starting in October.

The Korean and Kenyan governments signed an agreement in Nakuru town yesterday for South Korea to export the parts and the machines to be assembled in Kenya.

Agency regional director for Africa, Young-Woong Kim, said they will put together 5,000 tractors a year to improve farming.

The machinery will cost $100 million (Sh10.1 billion) a year.

He said the machines will be 20 per cent cheaper than those in the market.

Farmers will be trained on handling the machines to ensure efficient use.

“We want to make the machines more accessible and affordable to the local farmers to boost productivity and food security,” Park Jin-Soek said.

Farmers can buy the machines on credit and will be given an 18-month grace period, then they can pay in seven months instalments, he said.