A Nyahuhuru based dairy processor has received funding from DOB Equity, a Dutch-based family fund.
Countryside Dairy which is based in Nyahururu will dispatch the cash in return for an undisclosed stake. The dairy factory was established in 2014 and currently has a processing capacity of 100,000 litres daily.
Countryside Dairy managing director George Mwangi said that the entry of the fund will enable the dairy factory to enhance value addition to dairy farmers.
“DOB Equity’s investment has come at a crucial growth stage for Countryside Dairy and will allow us to create innovative marketing concepts for dairy products aimed at the low-income segment of the population stressing that low-cost, high-quality milk plays an essential role as a key part of a healthy diet,” he said.
DOB Equity chief executive, Brigit Van Dijk-van de Reijt, said the deal will allow Countryside Dairy to beef up the supply chain and offer better purchase prices to farmers, while guaranteeing product traceability.
Ralph Jansen, investment manager at DOB Equity, said: “The new partnership will further give Countryside Dairy access to the world-renowned dairy processing technical capabilities in the Netherlands.”
