A coastal county in Kenya, Lamu is on the verge of a major economic transformation as the Kenyan government confirms plans for a Ksh 12.9 billion (approximately $100 million) palm oil processing plant and moves closer to launching a multi-trillion shilling petroleum refinery.
These two massive industrial projects are designed to turn the coastal region into a central hub for agriculture and energy.
By focusing on local production and large-scale manufacturing, the government aims to create thousands of jobs while significantly reducing the country’s dependence on expensive imports from overseas.
A project to boost local farming and job creation
The new palm oil processing plant will be located at the Witu Nyangoro Ranch in Lamu. Investment Promotion Principal Secretary Abubakar Hassan has stated that discussions for this $100 million project are currently being finalized.
