Kenya: Economic Zone to Be Launched

The first special economic zone in Kenya, which is expected to attract investment worth Sh200 billion, will be launched on Friday in Uasin Gishu.

President Uhuru Kenyatta is expected to preside over the ground-breaking ceremony for the zone in Plateau, four kilometres from the Eldoret town centre.

The SEZ is to be spearheaded by a Chinese company, Guangdong New South Group, in partnership with a local firm, Africa Economic Zone, which has been licensed to operate the zone.

AEZ is part of the DL Group, founded by businessman David Lagat with interests in agribusiness, real estate and energy sectors, among others.

IN BEIJING

The deal for the development of the zone was signed by the government and the company in Beijing last May.