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

Share this article:
Article and News Disclaimer

The information provided on www.serrarigroup.com is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

www.serrarigroup.com is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

In no event will www.serrarigroup.com be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.

The articles, news, and information presented on www.serrarigroup.com reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.

The content on www.serrarigroup.com may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, www.serrarigroup.com takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.

By using www.serrarigroup.com, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website.

www.serrarigroup.com, reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.

Serrari Group 2023

 

×