Kenya has allowed Uganda’s Lato milk to invest in the local dairy factories as the state builds up competition in the dairy sector.
Lato, a leading milk processor in Uganda has signed a deal with the state owned financier, Kenya Development Corporation (KDC) to invest jointly in dairy farming.
The two countries have promised to work together to boost their respective dairy sectors.
Trade and Investments Cabinet Secretary Moses Kuria says Lato will invest in Kenyan milk factories that are currently struggling in a bid to revive them.
Kenya and Uganda have agreed to joint planning of raw materials between the two countries to ensure all-round supply to facilitate competitive production. They have also agreed on the exemption of importation fees and levies on strategic commodities in Kenya to boost food security and integration of the commodities exchange between the two.
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