Visiting Japanese investors eye agricultural sector
By Ruth Mutegi
SUMITOMO Chemical group, led by its executive Vice President Yoshimasa Takao is interested in investing in the production of liquid fertilizers, agricultural pesticides as well as horticultural inputs.
The group becomes the second Japanese company after Toyota Tshusho to show interest in the agriculture sector. The firm is specifically interested in the production of liquid fertilizer, agricultural pesticides and other horticultural inputs.
Keninvest Managing Director Moses Ikiara says the Authority plans to review and develop a national investment policy to boost investments in Kenya. Sumitomo chemical is also interested in the Export Processing Zone.
Over the last five years, Japanese companies have found their way into the Kenyan market with investments ranging from the auto industry, to Agriculture and ICT infrastructure.