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Kenya's Special Economic Zones program is gaining traction, with the recent opening of the Jumbo Africa Auto Auction in Naivasha being a prime example. This project is seen as a positive step towards the program's goals of attracting investment, creating jobs, boosting exports, and ultimately strengthening Kenya's economy. The government's support, highlighted by H.E President Ruto's presence at the opening, further reinforces the program's credibility.
The US is our key and strategic partner in our economic diplomacy and we are committed to strengthening it through broadening and deepening our investment and trade relationship.
The meeting discussed the upcoming Amcham Business Summit from 24th - 25th April 2024 in Nairobi, the proposed Kenya Green Investment Fund, and a State visit by HE President William Ruto to the US.
Machakos County; home to Kenya's largest Export Processing Zone in Athi River sits strategically in our economic equation. It's exciting to note the heavy investments and efforts towards the realization and completion of the Kenya Leather Park and the Konza Technopolis flagship projects. This Leather Park will revitalize the leather value chain as the Technopolis attracts investments in innovation development.
After a successful Kenya - Ghana Business Forum graced by H.E Kenya President and Ghana President, the PS visited African Consumer Product Limited, a 35 M $ Kenya - Ghana Joint Venture Investment in the Soap and Detergents Industry.
Joint Venture investment is between Kapa Oil Kenyan Company and Wilmar Ghana Company.
The potential for Edible Oil and Rice Plantations Investments in Kenya was discussed and how it can be explored and exploited.
In Accra, Ghana, alongside H.E. President William Ruto, and CS, Rebecca Miano, had the privilege of engaging with our vibrant diaspora community. Kenya boasts of the best human capital in the world! To all Kenyans residing in Ghana, your investments in Kenya contribute significantly to our collective growth. Let's continue to build bridges and opportunities together. Invest in Kenya!
After Care Program is a post-investment facilitation mechanism to retain and expand existing private investments. The PS Abubakar Hassan officiated a validation workshop between National Investment Council (NIC) Private Sector Members and the Business Reform Action Plan Development Committee whose members are CEOs of private sector associations
It was resolved that all private sector issues will be channeled through the Development Committee for screening and then forwarded to NIC for review and adoption before being presented to the Presidential Roundtable for consideration
In line with MITI's commitment to implement BETA through the Special Economic Zone program, I commend the significant progress made by the Special Economic Zones Authority (SEZA).
Their efforts have resulted in the creation of about 4,700 jobs and the attraction of over USD 227 million in investments. This notable achievement can be attributed to the establishment of seven new zones in 2023, bringing the total number to 36 zones and licensing 53 enterprises within them.
Arnaud Floris, Africa Coordinator, BPI France together with other Senior Officials from the same institution paid a courtesy call to the PS office. Together with officials from the State Department of Investment Promotion and KDC, they discussed areas of collaboration including debt & equity financing, co-financing, and BPI France’s support to trade, investments and industry in Kenya.
CS, Ministry of Investment, Trade and Industry, Rebecca Miano, EGH joined the KEBS Kenya fraternity for the launch of their 5 years blueprint. The CS was delighted to note that the KEBS Strategic Plan 2023-2027 that was launched, strategically aligns itself with areas of the BETA focus. She was confident that this will streamline certification processes and enhanced efficiency in expediting timely issuance of quality certification for Kenyan products destined for international markets.
Mombasa Governor Abdulswamad Sherif Nassir Said that the County Government of Mombasa is at an advanced stage of operationalizing its Special Economic Zone in Miritini. This flagship project is expected to create 10,000 direct jobs and 50, 000 indirect jobs for the people of Mombasa. The Governor received the Principal Secretary Abubakar Hassan Abubabar from the State Department of Industrialization when he paid him a working visit. They agreed to work together to speed up my administration’s efforts to put the people in meaningful employment.