Ruiru: The ease of doing business in the country continues to attract more investors, thereby creating several economic opportunities for the citizens, Kenya Investments Authority chief executive officer (CEO) John Mwendwa has said. Mwendwa stated that numerous investors are establishing multi-billion dollar investments in Special Economic Zones and Export Processing Zones, leading to job creation.
According to Kenya News Agency, Mwendwa made these remarks during the launch of The Link Warehousing and Logistics Park within Tatu City in Ruiru, Kiambu County. He acknowledged that while some companies are relocating due to competition, many others are investing in the country. He assured that the government is dedicated to providing a conducive business environment and reducing operational costs to attract more investors.
This perspective was supported by Special Economic Zones Authority (SEZA) Chief Executive Dr. Kenneth Chelule, who emphasized the significant potential in medium and small enterprises. Chelule mentioned that over the past three years, more than 40 special economic zones have been established, accommodating over 90 fully licensed business enterprises.
Chelule highlighted the new Logistic Park in Tatu, where over 10 companies are expected to establish operations, bringing the total number of investments in the zone to over 100. He noted that similar investments are planned in Dongu Kondu in Mombasa and Naivasha zones, with lease deals worth billions of dollars anticipated in the next 60 days.
According to Preston Mendenhall, the Chief Operating Officer at Rendezvous, which manages Tatu City, the industrial park now hosts over 100 companies. Mendenhall reported that in the last five years, Tatu City has created over 25,000 jobs across various industries, including manufacturing, warehousing, and distribution.