Uhuru launches Ksh 15B KBL brewing plant
Kenya Breweries Limited (KBL) has invested Ksh 15 billion towards the setting up of a brewing plant in Kisumu that will create 110,000 jobs for Kenyans.
President Uhuru Kenyatta announced the development at State House, Nairobi saying that KBL’s investment will inspire the private sector to thrive.
“On behalf of Kenyans I want to thank KBL for choosing Kenya as their investment choice, for believing in the Kenyan workforce and for believing in the policies that my government has put in place to ensure that it reduces the cost of doing business,” said president Kenyatta.
The Head of State said that the government projections indicate that with the plant in place, there will be increased utilization of sorghum from 20,000 metric tonnes to 40,000 metric tonnes in five years and increased demand for sorghum will see the number of contracted farmers rise from 30,000 to 45,000 with their gross earnings expected to reach Ksh 6 billion annually in the next few years.”
However, the President advised subsistence crop farmers to shift their focus to agri-business saying that the 30,000 farmers from Kisumu, Homa Bay, Siaya, Migori, Tharaka Nithi and Makueni who will be contracted by KBL for this project will reap the benefits and the economy will grow as a result.
He said that the Treasury has done its part by introducing 80 percent remissions on beer made from sorghum, millet and cassava.
His sentiments were echoed by Ivan Menezes, CEO Diageo, who said that that the company was excited by the ease of doing business in Kenya.