Chinese Company Invests in Fertilizer Plant
Author's summary: China invests Sh100 billion in fertilizer plant.
A Chinese company has committed over Sh100 billion towards the production of green ammonium fertiliser in Olkaria, Naivasha.
"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 noted that the country's over-reliance on fertilizer imports and rain-fed agriculture had hurt food production. The project is expected to bring down the cost of fertiliser, which has been affected by the war between Russia and Ukraine.
- The joint partnership between Kaishan and KenGen companies will produce over 9.2 million bags of fertiliser every year.
- The country currently spends over Sh80 billion on importing fertiliser annually.