A United Kingdom Government-funded project dubbed Sustainable Urban Economic Development (SUED) has identified three key bankable projects within Uasin Gishu County.
The three projects, SUED notes, can be considered as investor attractive for support and economic stimulus in the County.
Moisoy Milling plant is one of the projects.
Partly funded by the County Government of Uasin Gishu and over 52 farmers’ cooperatives, the Ksh500 million project is expected to help maize farmers in value addition.
The project is expected to be complete and operational by the end of the year.
Currently, the installation of various pieces of equipment at the milling plant is ongoing at the plant located in Kabenes, Soy Sub County.
Avocado marketing is another project identified by the international partners as an investor attraction.
For several years now, the county has been advising farmers to venture into high-value crops, avocado being one of them.
And as a way of supporting farmers to get into this lucrative venture, the county has been providing them with seedlings.
Another bankable investment project that has been identified in Uasin Gishu is textile manufacturing with bamboo through the Rift Valley Textile (RIVATEX) Company limited.
Also, the Urban Economic Plan (UEP) had identified 41 possible value chains and is currently narrowing it down to what will attract investors through screening, and what will benefit most in terms of increasing the economic value of the projects.
The SUED team recently held a meeting with the Uasin Gishu County Executive Committee Member for Lands, Housing, Physical Planning and Urban Development Eng. Nelson Maritim together with the Eldoret Municipal Manager Tito Koiyet.
The team is on a mission to identify bankable investment projects within Uasin Gishu that can be considered as investor attractive for support and economic stimulus in the County.
SUED is a £70 million, six-year program supported by the UK Government through the Foreign, Commonwealth, and Development Office (FCDO).
The program supports 12 fast-growing municipalities in Kenya to develop sustainable urban economic plans and attract investment for critical infrastructure and value chain projects.
Each municipality will receive an equivalent of up to KES 400 million of technical support across the program’s implementation period.