Embu sets sights on growth in Sh25bn deal with Chinese firm
Embu Governor Martin Wambora (right) presents a gift to the vice governor of Shanxi Provincial Government, Mr He Tiancia (centre), as Chinese embassy official Guo Ce (left) looks on. PHOTO | NATION MEDIA GROUP | GEORGE MUNENE
What you need to know:
- The projects are expected to create jobs which will benefit residents from the region.
Embu County has entered into a Sh25.5 billion investment deal with Shanxi Dikuang overseas Engineering Construction Company of China “to spur economic growth in the region.”
Under the pact, the Chinese company is to 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.
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Speaking in Embu town Thursday during the signing of a memorandum of understanding, Governor Martin Wambora welcomed the partnership adding that the initiative would ensure effective resource mobilisation and wealth optimisation for Embu County.
“We are looking forward to working with the Chinese firm to implement the proposed projects and further develop the Embu County. We encourage other investors from the region to invest especially in value addition of avocado, coffee and tea sectors," he stated.
The project funds will be guaranteed by the provincial government of Shanxi in China.
Shanxi Provincial vice governor He Tiancia, who was present at the ceremony, said the project will be implemented by way of an engineering, procurement, construction and financing arrangement between Embu County and the company.
He expressed optimism that the agreement will create a long-lasting relationship between Embu County and the Chinese firm.
The projects are expected to create jobs which will benefit residents from the region.
The firm is one of the largest geological prospecting companies in China and has interests in energy, environment, forestry and mining projects across the world.
It was represented by Director General Peng Dongxio, among other senior officials.
Earlier, Mr Wambora conducted the Chinese delegation to a game drive at Mwea Game Reserve where he said his government was committed to making the park the premier tourist attraction in the county.
The game reserve is home to elephants, giraffes, buffaloes, hippos, and zebra, among other wild animals.
