KAAA CEO and JLianco deputy General Manager Africa Branch Stephan Yuan sing a cooperation for development MOU.
The Kenya Agribusiness and Agroindustry Alliance (KAAA) Chief Executive Officer Lucy Muchoki has signed a Memorandum of Understanding (MOU) for a development cooperation with the Jianglian Heavy Industry Co. Ltd (JLianco) of the Peoples Republic of China.
The MOU will enable both institutions to share a common interest in reducing poverty and advancing economic development through promotion of the SME agroprocessing sector in the in Kenya.
The memorandum will further enable both parties explore practical means by which to strengthen their cooperation and collaboration in line with each Participant’s respective key policy documents. This will see the participants work together, as appropriate, to achieve shared objectives on issues of manufacturing/agroprocessing of national importance to Kenya and regionally.
According to the MOU, KAAA and JLianco will work together to drive industrialization and create employment by promoting the agroprocessing sector through implementation of selected investment opportunities in key value chains.
Speaking during the official signing of the MOU at the KAAA’s head office, JLianco deputy General Manager Africa Branch Stephan Yuan expressed his confidence in working with the Alliance.
The KAAA CEO Lucy Muchoki said that the objective of the food and industrial parks program is to boost the level of value addition and agro processing occurring in Kenya. The Alliance launched the Mega Food Park scheme in 2015 and it proposes a demand driven/pre-marketed model with strong backward/ forward linkages sustainable supply chain.
According to Lucy, the food parks will allow smallholder farmers to access shared facilities such as production, processing plant, cold store, collection canters and transports and besides this; it will provide a steady market for their produce.
Add Comment