Chinese Company Invests in Fertilizer Plant
A Chinese company has committed over Sh100 billion towards the production of green ammonium fertilizer in Olkaria, Naivasha.
The project, a joint partnership between Kaishan and KenGen companies, aims to produce over 9.2 million bags of fertilizer annually, reducing the country's reliance on imports.
“This plant, which will cost around Sh100 billion, will be producing 480 metric tonnes of fertiliser every year, and this will be critical in addressing food security in the country,” - President William Ruto
The investment is expected to bring down the cost of fertilizer, which has been affected by the war between Russia and Ukraine, with the country currently spending over Sh80 billion on imports annually.
Author's summary: Chinese company invests Sh100 billion in fertilizer plant.
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