Unilever plans to invest EUR150m (US$203.6m) in Kenya to create a regional hub for its operations in east Africa.
Paul Polman, Unilever’s CEO, met Kenyan President Uhuru Kenyatta in Nairobi on Thursday.
The president’s office announced Unilever planned to invest in the region’s largest economy, with an aim of expanding its tea processing facilities in Kericho in the south west of the country.
“Africa is an important growth market for Unilever. We are committed to growing our Kenyan business as a regional manufacturing hub for East Africa. As a result, we aim to invest about EUR150m over the next few years in production, skills and capacity building,” Unilever told just-food.
Unilever sells a range of food and non-food products in Kenya, including Blue Band spreads and Royco stock cubes. The investment could provide a boost to Unilever’s food businesses in the region, as well expand its tea operations.