A group of investors backed by the African Development Bank (AfDB) has
announced plans to set up a Sh7.5 billion cold storage facility at
Ruiru’s Tatu City development. 
Summary
- A group of investors backed by the African Development Bank (AfDB) has announced plans to set up a Sh7.5 billion cold storage facility at Ruiru’s Tatu City development.
- AfDB and its investment partners in the ARCH Emerging Markets Partners Limited (ARCH) will put up the facility known as Cold Solutions Kenya Limited on six acres at the 5,000-acre Tatu City Development special economic zone owned by Rendeavour.
A group of investors backed by the African Development Bank
(AfDB) has announced plans to set up a Sh7.5 billion cold storage
facility at Ruiru’s Tatu City development.
AfDB and its
investment partners in the ARCH Emerging Markets Partners Limited
(ARCH) will put up the facility known as Cold Solutions Kenya Limited on
six acres at the 5,000-acre Tatu City Development special economic zone
owned by Rendeavour.
FLAGSHIP PROJECT
AfDB
which invested Sh2.5 billion in the Sh25 billion Africa-focused fund
(ARCH) revealed the cold storage facility is a flagship project to be
replicated in Ethiopia, Kenya, Rwanda, Tanzania, and Uganda, totalling
10 facilities worth Sh21.4 billion.
ARCH Kenya managing
director Jared Irving confirmed the investment saying Cold Solutions’
is a one-stop-shop platform that ensures quality of fresh produce
destined for sale within Kenya and across the East African markets.
“It will allow businesses to keep track of products in real-time
and facilitate transportation across East Africa through
temperature-controlled trucks, either within inner city or to long-haul
destinations. We will offer end to end storage, transport and management
services,” he said.
The facility, set for
commissioning in 12 months, will provide storage for fresh fruits,
vegetables, pharmaceuticals and vaccines, meat, poultry and frozen
foods.
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