Serrari Group

Del Monte Kenya, a cornerstone of Kenya’s agricultural sector since 1965, plays a pivotal role in both economic growth and community development. Specializing in pineapple processing, the company has become a leading global exporter, contributing significantly to Kenya’s GDP and foreign exchange reserves.

In 2023, Del Monte Kenya exported 75,000 metric tonnes of pineapple products via Mombasa port, bolstering local suppliers with KSh 8 billion in annual revenue. This export success underscores the company’s economic impact and its role in supporting livelihoods across the region.

“We take pride in not only our business achievements but also in our commitment to enhancing the lives of our employees and neighboring communities,” said Wayne Cook, Acting Deputy Managing Director of Del Monte Kenya.

Aligned with the United Nations’ Sustainable Development Goals, Del Monte Kenya focuses on poverty alleviation and fostering shared prosperity. The company employs over 6,000 locals directly and supports an additional 28,000 jobs through various business collaborations, solidifying its position as a major employer in Thika and beyond.

Furthermore, Del Monte Kenya is a significant contributor to Kenya’s tax revenue, having paid approximately KSh 1.3 billion in taxes in the past year across multiple categories, including PAYE, VAT, corporate taxes, withholding tax, and excise duty.

Investing in infrastructure is another crucial aspect of Del Monte Kenya’s strategy. The company allocates KSh 100 million annually to maintain public roads around its facilities, facilitating efficient transportation of raw materials and finished products. This investment not only enhances operational efficiency but also benefits local communities by improving connectivity and access to essential services.

Education is also a key focus area for Del Monte Kenya. The company has supported the establishment and development of educational institutions like Kihunguro Primary School and Del Monte Mixed Secondary School, providing quality education and fostering talent in fields vital to its operations.

“Our educational initiatives aim to empower local youth with skills necessary for their future,” noted Maina Gitu, Principal of Del Monte Mixed Secondary School.

Through its comprehensive approach to sustainable business practices, Del Monte Kenya continues to set benchmarks in the agricultural sector. With a steadfast commitment to community well-being and environmental stewardship, the company is poised to drive inclusive growth and prosperity for years to come.

photo source: Google

By: Montel Kamau

Serrari Financial Analyst

8th July, 2024

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