Denmark will invest Shs15 billion in a variety of investments in Kenya over the next five years. In a statement, the European country said that much of the investment will however go into projects that can sustain themselves and promote creation of jobs and green growth of the economy.
Other investments will be in businesses that promote health and good governance across Kenya.
“Half of the budget will be dedicated to support Kenya’s transition to green economy. We will also focus more on private sector cooperation between the two countries,” the statement said.
One of the investment already in plan is a coffee roasting factory expected to be set up in Nairobi near the Jomo Kenyatta International Airport. The factory will process Kenyan coffee for export to more than 1,200 retail stores in Denmark.
“This is one project we are excited about because we can add something to to the local business community since the green coffee beans will be sourced locally.” The statement said.
The factory will have a capacity of processing 4,000 tonnes in a year. The setting up of the factory is expected to be complete by the end of this year (2016).
Kenya is among the leading coffee producers in the world.