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Investors plan to pour billions into dairy industry

From left: Deepak Kamani, Aliko Dangote and Naushad Merali. Industry data shows that processors of fresh milk can expect gross margins of between 15 per cent and 20 per cent. PHOTOS | FILE

Billionaire investors are queuing to pump big money into Kenya’s dairy industry, attracted by a rapidly expanding market whose size is expected to more than double in the next 10 years.

Deepak Kamani, the chairman of conglomerate Zuri Group and the man at the centre of long-running Anglo-Leasing financial scam, is the latest deep-pocketed investor to target the dairy market with plans to build a fresh and powdered milk plant in Nyahururu.

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