A Sh. 1 billion fertilizer granulation plant is will be set up in Nakuru. This is after the Fertiplant East Africa Limited received a Sh. 1 billion investment from the International Finance Corporation.
The plant is expected to have an annual capacity of 100,000 MT and will offer employment to over 100 people.
It will be the second fertilizer granulation plant in sub-Saharan Africa.
Hans Peter Lankes, IFC’s Vice President for Development Economics, said that the investment in Fertiplant is part of IFC’s strategy to promote the development and competitiveness of East Africa’s agricultural sector.
“Responsible fertilizer companies like Fertiplant can support farmers create jobs and increase food security in the region,” he said.
His sentiments were echoed by Titus Gitau, Executive Director at Fertiplant East Africa, who noted that boosting crop yields and closing the gap between actual and attainable yields can be achieved by the implementation and advancement of various practices and technologies, including mechanization, seed development and fertilizer technologies.
