Kenya finalises plan for Ksh12.9B palm oil plant which will create 3,000 jobs
The government is finalising a Ksh12.9 billion ($100 million) palm oil investment in Lamu County as part of a wider plan to reduce Kenya’s heavy reliance on imported crude palm oil. Investment Promotion Principal Secretary Abubakar Hassan said discussions on the project are in their final stages. The proposed palm oil processing investment will be […]
The Kenyan government is finalizing a Ksh12.9 billion ($100 million) palm oil investment in Lamu County, aimed at reducing the nation's heavy dependence on imported crude palm oil. The project, set to be located at Witu Nyangoro Ranch, is expected to create approximately 3,000 jobs. This investment is part of a larger strategy to strengthen Kenya's local palm oil value chain and encourage domestic production, which would eventually lower the country's import bill and generate employment opportunities in various industries.
Currently, Kenya spends around $1 billion annually on palm oil imports, making it the second-largest import bill after petroleum products. The proposed palm oil processing plant in Lamu County is expected to enhance the local agricultural and industrial profile by bolstering processing capacity and promoting domestic production.
Written by urgent.news from People Daily Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
