KENYA’S FIRST LICENCED SPECIAL ECONOMIC ZONE

Africa Economic Zones Ltd (AEZ) has recently been awarded a licence to develop and operate Kenya’s first licenced Special Economic Zone located in Eldoret, Uasin Gishu County.This landmark project demonstrates AEZ’s commitment to Kenya’s industrialisation agenda and has the support of the Chinese government through its “One Belt One Road” initiative.
The project will attract over $2 Billion of investment into the region as well as creating over 40,000 direct jobs and up to 150,000 indirect jobs once it is fully operational.The zone will have a significant positive impact on the local and national economy generating production revenues in excess of $3 Billion per year.
Through rapid and sustained industrial development, national wealth can be created, jobs generated and surplus resources invested in social programs and infrastructure development. Kenya’s Vision 2030 recognises SME Industrial and Technology Parks as important vehicles through which the growth of Kenya’s manufacturing sector can be fast-tracked.

Kenya Vision 2030 is the country’s development blueprint covering the period 2008-2030. It aims to transform Kenya into a newly industrialized ‘middle-income country providing a high quality life to all its citizens by the year 2030’.

For this vision to translate into sustainable economic development and much-needed employment for urban youth, there is need to revolutionalize the industrial and service sectors. A key strategy will entail establishing the Special Economic zones that are expected to be a major driver of Economic growth. In addition, Industrial and Technology parks are key elements of the infrastructure supporting the growth of today’s global knowledge economy.

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Dr. David Langat