By Renson Buluma
Busia, Kenya: Busia County Government has signed a Memorandum of Understanding (MoU) with a consortium of South Korean investors to establish a multimillion organic fertiliser factory in the county.
Addressing the Press after holding a meeting with the 14-man delegation from South Korea, Governor Sospeter Ojaamong said the investors are set to establish the factory in the area ‘as soon as possible’ after completing the necessary paper work for the project.
He said the move is the culmination of negotiations between his government and a number of NGOs, private business people and the Government of South Korea during the tour he made to woo investors from the country last year.
READ MORE
EAC offers demographic advantage for long-term growth, investors told
Why safeguarding investments is key to Kenya's growth
Why most startups lose out on capital investments
Nanyuki attracts new investors as land prices go up four-fold