Govt Offers Incentives to Attract Foreign Investors in These 17 Sectors

President William Ruto alongside Trade Cabinet Secretary Moses Kuria meeting with investors in Kwale County in November 2022.
President William Ruto alongside Trade Cabinet Secretary Moses Kuria meeting with investors in Kwale County in November 2022.
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Kenya Railways

The Special Economic Zones Authority (SEZA) announced that the government would offer incentives to investors willing to set shop in Dongo Kundu and Naivasha Economic Zones.

According to a notice dated Tuesday, January 31, the government would provide modern and good infrastructure, investment guarantees, and administrative and fiscal incentives to the investors.

Further, the authority highlighted seventeen opportunities for investments in the two locations.

"The Kenyan Government has set up public SEZS that include 3.000 acres in Dongo Kundu and 1.000 acres in Naivasha, where investors can acquire long-term leases.

An artistic impression of Dongo Kundu Bridge whose construction was launched by President Uhuru Kenyatta in October 2019.
An artistic impression of Dongo Kundu Bridge whose construction was launched by former President Uhuru Kenyatta in October 2019.
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"Kenya will provide a stable economy, wider market access through its economic and trade cooperation," read the statement in part. 

In Dongo Kundu, SEZA noted that they were looking for investments in agro-processing, textile and apparel, pharmaceuticals, automotive manufacturing, blue economy, water desalination, green energy and renewables among others.

The state also encouraged investors in heavy metals and steel, petrochemicals, oil and gas, transport and logistics, and warehousing.

On the other hand, the authority noted that cotton, paper, green energy, iron and steel investors were welcome to set camp in the Naivasha SEZ.

"The Naivasha SEZ is located at the heart of the scenic Great Rift Valley, adjacent to a major highway and railway network hub connecting Kenya to the East and Central African countries.

"It has a dedicated Inland Container Depot (Dry Port). The zone is close to geothermal power sources," read the notice in part.

Firms will be required to lease land for the construction of industrial warehouses and factories.

Kenyans were also encouraged to take the opportunity of the offers even as those interested were directed to fill out an investment Project Proposal Form - to be downloaded from the respective website of the SEZs.

Workers at the EPZ factory in Athi River on December 6, 2017.
Workers at the EPZ factory in Athi River on December 6, 2017.
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