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Embu Secures Sh25.5 Billion Investment from Chinese Firm

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Nyakundi Report

Newsroom 1 min read

This archive report was first published on 21 November 2019.

On November 21, 2019, Embu County signed a Sh25.5 billion investment deal with Shanxi Dikuang overseas Engineering Construction Company of China to spur economic growth in the region.

The partnership, which was welcomed by Governor Martin Wambora, will see the Chinese company construct an agricultural demonstration centre, value addition parks, and a mineral resource exploration and processing unit.

The company will also develop hospitality facilities, build support infrastructure at the Mwea Game Reserve, and construct a waste treatment plant.

Speaking during the signing of a memorandum of understanding, Governor Wambora expressed his enthusiasm for the partnership, stating that it would ensure effective resource mobilisation and wealth optimisation for Embu County.

He also encouraged other investors from the region to invest in the value addition of avocado, coffee, and tea sectors.

The project funds will be guaranteed by the provincial government of Shanxi in China.

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