The new investment opportunities in Lamu County include the construction of a cashew nut processing factory.
Governor Issa Timamy, during his campaign promised to open investment opportunities to investors, a promise that he has upheld.
The plans for the construction of the new cashew nut factory were discussed in a meeting where the governor hosted Equatorial Nut processors and SUED investors when they paid him a courtesy call in his office to discuss how they would collaborate towards ensuring the processing plant works seamlessly and revives the abeyant crop in Lamu.
“We are currently in the final stages of setting up a major cashew nut processing plant in Hindi ward, which will not only offer a ready market for cashew nut farmers’ produce but also eradicate middlemen known to exploit our farmers,” stated Governor Timamy.
On their part, Equatorial Nut Processors Ltd.,who will implement the project through SUED, committed to ensuring the processing plant, which will create over 270 direct jobs, will be a refinement in improving socio-economic potential and guarantee better profits to the thousands of families that derive their livelihood from the crop.
Timamy, who doubles as the Council of Governors’ Blue Economy Committee Chair, also affirmed his commitment to continue attracting foreign investment into value-added industries to wean the county’s economy.
These measures include assuring investors and business owners of the government’s full support and clearing the way of unnecessary hurdles that frustrate them.
The cashew nut project is part of the governor’s ambitious projects that he has rolled out to turn Lamu into a bustling economic hub.
This year, the county will set up a ginnery in Mpeketoni and is also seeking to establish fruit and fish processing plants.