Nairobi, July 14 -- A group of investors backed by the African Development Bank (AfDB) has announced plans to set up a Sh7.5 billion cold storage facility at Ruiru's Tatu City development.
AfDB and its investment partners in the ARCH Emerging Markets Partners Limited (ARCH) will put up the facility known as Cold Solutions Kenya Limited on six acres at the 5,000-acre Tatu City Development special economic zone owned by Rendeavour.
FLAGSHIP PROJECT
AfDB which invested Sh2.5 billion in the Sh25 billion Africa-focused fund (ARCH) revealed the cold storage facility is a flagship project to be replicated in Ethiopia, Kenya, Rwanda, Tanzania, and Uganda, totalling 10 facilities worth Sh21.4 billion.
ARCH Kenya managing director Jared Irving co...