Kenya has signed three deals with South African, Hong Kong, and Swedish firms to enhance economic ties between the countries.
The firms include Hong Kong’s Volar Electric Aircraft, South Africa’s Agri All Africa, and Swedish Cool Go Green.
During the inking of the deal on the sidelines of the Africa Climate Summit 2023 in KICC, trade cabinet secretary Moses Kuria said the environmentally friendly investment deals will sustainably enhance food security and air travel.
The agreement with Cool Go Green aims to reduce food waste and post-harvest losses by using solar energy to power food preservation.
Did you read this?
Conversely, Agri All Africa has promised to irrigate 31,000 hectares of land in the Tana Delta with rice using climate-smart techniques to ensure national food security.
In contrast, Voltic Electric Aircraft is on a mission to enter the e-mobility market by establishing the production and assembling of electric aircraft in Kenya.
Further, Kuria confirmed that the deals will go a long way in creating employment for more than 40,000 Kenyans.
“I am very delighted because what we have signed today represent thousands of job opportunities for our youth, enhanced food security and injection of foreign direct investment,” said Kuria.
Additionally, he revealed that up to 40 percent of food in Kenya is lost to post-harvest losses, partly blamed on food preservation gadgets that are expensive to buy and maintain.