A leading Kenyan investment group has today become the latest entrant into Nyandarua County’s economy.
Centum, an agribusiness investment company whose main shareholders include billionaire Mr. Chris Kirubi and the Industrial and Commercial Development Company (ICDC), has bought 120 acres of land at Tumaini trading center, in Ol’Kalou sub-county.
“We are focusing on horticulture. We would like to plant chives, terragon, parsley, rosemary, coriander, mint, lemon grass, dill, and vegetables,’ said the group’s director, Mr. Fred Murimi, at a meeting today with the County Government of Nyandarua in Ol’Kalou.
The crops are to be grown both in greenhouses and the open field.
“We plan to dedicate 17 hectares for export. Two tonnes of the produce will go towards export,” he said.
A processing plant, he added, will be included in the project, which will start in the next three months.
The first phase of the project is expected to cost Kshs. 370 million.
The County Executive Committee (CEC) member in charge of Roads and public Works, Mr. Julius Muthanwa, who headed the county government’s delegation, said a memorandum of understanding between the two parties will be signed in April 2016.
“We welcome this group’s investments, as well as their corporate social responsibility activities in our county,” he said.
Centum, he said, will drill boreholes to supply clean drinking water for Muchemi Primary school and the surrounding community.
Further, it will level the school’s playground, employ local residents and improve their infrastructure.
“That will maximize their productivity. We have already made plans to connect the area to the national electricity grid,” he said.
Also present were CEC (Agriculture) Mrs. Agatha Thuo, Chief Officer (Roads and Public Works) Engineer Robert Ndumia, and Research Officer (County Assembly) Mr. Samuel Irungu.
The Centum delegation included Mr. Brian Kiai (Deputy Director), Mr. Steve Chege (Agribusiness General Manager), and Mr. Samson Munene (Legal Analyst).