Kenya appeals for investment in Special Economic Zones

Kenya is courting investors in Switzerland for its Special Economic Zones. A letter from the Kenyan embassy in Bern mentions a total of 23 such zones. The focus is on Dongo Kundu in Mombasa and Naivasha, where the Kenyan government has earmarked 3,000 acres (12,140,000 square meters) and 1,000 acres (4,046,860 square meters) for immediate purchase by investors on long-term leases. Of these 23 Special Economic Zones, four are public and 19 are private. They are managed by the Special Economic Zones Authority (SEZA) based in the Kenya capital city of Nairobi.

Kenya is also setting up an online trade fair for the food and beverage industry in October. According to the event brochure, V Food Fair 2023 is a virtual international exhibition and conference for food, beverage and related industrial technology. It will take place October 1-30 on an international online platform. The international food and beverage industry will have the opportunity to digitally explore new opportunities in the markets of Africa, the Middle East, the Arabian Gulf and the Mediterranean. Kenyan companies will also be presenting their products and services.

In its country report, Switzerland Global Enterprise (S-GE) has published an economic report from the Swiss Embassy in Kenya on the economic situation in the country. In this, the East African nation is ranked among the economic “lionesses” on the continent. The trade volume with Switzerland is stated at 182 million Swiss francs (2021).

According to the report, opportunities are presenting themselves for Swiss companies above all in the transport, infrastructure and construction, agriculture and industrial sectors, in addition to the service and communications industries. gba