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NCBA partners with Kipchimchim Group to promote Economic and Industrial growth in Kericho County

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 NCBA Group has today reaffirmed its unwavering dedication to the growth of Kenya’s industrial sector and the sustainable development of communities during a tour led by NCBA Kenya Chairman, Isaac Awuondo, and Group Managing Director, John Gachora, at the recently inaugurated West Valley Sugar Factory in Kericho County.

The West Valley Sugar Factory (WEVAS), owned by the West Valley Sugar Company, a subsidiary of the esteemed Kipchimchim Group of Companies, stands as a testament to collaborative effort and strategic partnerships. The factory, strategically located in Kericho County, marks a significant milestone in the region’s economic landscape, with its parent company also operating the renowned Kipchimatt Supermarkets.

During the tour, NCBA Group Managing Director John Gachora emphasized the critical role of partnerships in driving progress and growth, acknowledging NCBA’s instrumental role as the financial partner in establishing the West Valley Sugar Factory. He stated,

“Our spirit of partnership fuels collaborative growth. Our involvement in the establishment of the West Valley Sugar Factory was a strategic partnership aligned with our shared vision of fostering economic growth and sustainable development.” Mr. Gachora continued,

“Through our collective spirit and collaboration, we’ve created a legacy that fosters development and contributes to economic growth by creating job opportunities, stimulating ancillary businesses, and enhancing the overall economic ecosystem in this region.”

Through the partnership, it took a record 14 months to complete operationalization of the West Sugar Company Limited which is faster compared to the 2 years to operationalize a factory. The company has been operational for 2 months continuously and has since employed over 600 locals in the factory driving the local economy and providing essential services that have a multiplier effect on the region. Today, the company produces 2200 bags of 50kg sugar daily.

Beyond industrial achievements, the Kipchimchim Group of Companies, led by Group Managing Director Bernard Soi, emphasized the need to prioritize community upliftment.

“We offer community initiatives that encompass comprehensive agricultural training, sustainable farming practices, and access to quality fertilizers, alongside educational programs focusing on renewable energy sources. Our commitment extends to innovative solutions like utilizing bagasse to power homes.”

Furthermore, the Kipchimchim Group’s dedication to sustainability aligns with NCBA’s own agenda. The company uses Green Energy generated from Bagasse. They generate 3 megawatts of power through bagasse recycling, using only 2 megawatts only of this to power the factory.

In honor of the late Founding Chairman, Mr. Samuel Ngetich, the bank planted 10 trees jointly during the event and donated 1000 seedlings to the company for onward distribution to the community.

This strategic collaboration between NCBA and the Kipchimchim Group of Companies stands as a beacon of progress, illustrating the transformative power of partnership in fostering industrial growth and community development.

 

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