WB Grants Ksh10.8m For Laikipia Beef SPV

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The World Bank has granted Laikipia Kshs. 10.8 million to hire a transaction advisor to support the County and the livestock value chain stakeholders set up the Laikipia Beef Special Purpose Vehicle (SPV).

  

The county slaughters an average of 18,000 cattle, 35,000 sheep, and 74,000 goats per year across the county.

  

Laikipia Beef SPV targets to triple production and processing of livestock within five years.

  

This grant will supplement the County Government's investment towards transforming the pastoral economy to provide a steady supply of high-value meat and related products to local and export markets.

  

We are investing to raise productivity and value of the livestock by upgrading the genetics, ensuring adequate nutrition, and disease control. We will invite the Amaya region Counties to take a stake to guarantee a market for their livestock. says economic advisor Githuku Mwangi.

  

The investment will actualize the recommendations of the Laikipia integrated feedlot scheme's feasibility study to set up an integrated meat distribution, processing, and production holding company to market Laikipia beef.

  

The County Government has set aside 1,000 acres in the planned Rumuruti Special Economic Zone (SEZ) to house the abattoir, feeds processing plant, tannery, and apparels manufacturing, and finishing paddocks.

  

The transaction advisor is expected to lead the structuring of the company, finding an established global meat processing and distribution firm to act as a strategic investor and to sign up community and commercial ranchers as well as feedlots operators to be suppliers and shareholders.

  

The consultant will also assist in raising funds to finance the business.

  

In addition to processing, Laikipia Beef SPV will coordinate the establishment of community and commercial ranches and feedlots as disease-free compartments to enable Laikipia beef to meet import standards in Europe, Middle East, and Asia markets.

  

According to the business plan, both community and commercial ranches will be funded to start feedlots to ensure a continuous supply of animals to the processing plants.

  

(Published by ICT | Source: Laikipia Weekly Bulletin Issue 0060).

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