The Special Economic Zones Authority (SEZA) has made a significant announcement, offering incentives to investors who choose to set up shop in either the Dongo Kundu or Naivasha Economic Zones. This is a big step in the right direction for Kenya’s economy and its efforts to attract more foreign investment. The government is providing modern infrastructure, investment guarantees, and a range of administrative and fiscal incentives to those who choose to invest in either of the two zones.
SEZA has outlined 17 opportunities for investment in these two locations, highlighting the government’s commitment to creating a stable economy and wider market access through its economic and trade cooperation. In Dongo Kundu, the government is seeking investment in various sectors such as agro-processing, textile and apparel, pharmaceuticals, automotive manufacturing, blue economy, water desalination, green energy, and renewables, among others. The state is also encouraging investment in heavy metals and steel, petrochemicals, oil and gas, transport and logistics, and warehousing.
On the other hand, the Naivasha Economic Zone is welcoming cotton, paper, green energy, iron, and steel investors. This zone is located in the heart of the scenic Great Rift Valley, making it a prime location for investors. It is also conveniently located near a major highway and railway network hub, connecting Kenya to other East and Central African countries. The zone also boasts a dedicated Inland Container Depot (Dry Port) and is close to geothermal power sources, making it a desirable location for firms looking to lease land for the construction of industrial warehouses and factories.
The Kenyan government is encouraging its citizens to take advantage of these incentives and has directed those interested to fill out an investment Project Proposal Form, which can be downloaded from the respective websites of the two SEZs. This is an exciting time for Kenya and its efforts to attract more foreign investment and create a thriving economy. The government’s commitment to modernizing and simplifying the process of setting up businesses in the country is commendable and bodes well for the future.