KENYA – Bidco Africa Group, one of the leading consumer good company
Speaking during the launch, Bidco Africa Chairman Vimal Shah, said the multi-million dollar complex is part of the company’s expansion plan and will host its beverage and food processing factory.
The park sits on an 80-acre parcel land and comprises of a 550,000
“These are all new factories and machinery. We expect this new park to add to our total turnover and total product range.
“Our basket to the market shall therefore become bigger, which means there shall be significant employment creation as well as benefit Kenyans in general,” Shah said.
According to him, the industrial park will stand as a new business and the company shall not relocate its operations.
Going forward, Shah said the company plans to invest in establishing another factory in Nakuru County to produce animal feeds as it seeks to expand its manufacturing footprint.
The investment will add to the company’s its recently launched poultry centre in Mombasa, coast of Kenya, that was formed through a joint venture between Bidco Africa and American Land O’Lakes.
The venture, which also includes a collaboration with the Coast Animal Feeds, serves as a one stop shop for farmers by providing quality feeds, supplements, information and educational resources on farming.
Also speaking during the launch, President Uhuru Kenyatta encouraged more investors into the country owing to a stable political environment, friendly policies and improved infrastructure witnessed in different parts of the nation.
The President also unveiled that the government is finalising plans for a 30 percent electricity cost reduction plan through a rebate system in addition to VAT refunds and taxation policy on manufacturing concerns among other incentives to woe investors into the country.
Bidco Africa, which manufactures edible oils under the brands Elianto, Kimbo and Golden fry, has also engaged 35,000 farmers across the country for the supply of soya and sunflower produce.
