President Ruto Commissions The Naivasha Special Economic Zone, Gives 6 Key Licenses

President William Ruto has launched the Naivasha Special Economic Zone. It includes a power station. Additionally, he issued licenses to 6 investors which include both local and foreign companies with the move set to invest Ksh 30 billion.

The president asserted that this would create more than 3,000 jobs. He was accompanied by DP Rigathi Gachagua and Cabinet Secretaries Davis Chirchir, Rebecca Miano and Zacharia Njeru, Nakuru Governor Susan Kihika, MPs and MCAs were present.

“By equipping our Special Economic Zones with clean energy and essential infrastructure, we aim to attract foreign direct investments, drive industrial growth and enhance exports,’” said Ruto.
The 6 companies are Motors SEZ Limited,  Jumbo AAA SEZ, Africa Global Logistics SEZ, Horizon SEZ Limited, Ceylon Energy SEZ and Accurate Steel SEZ

Investors at the Naivasha Special Economic Zone include Motors SEZ Limited which is set to assemble electric vehicles at the SEZ.

The government has allocated the company 2 acres, with an anticipated investment of Ksh1.6 billion.

Jumbo AAA SEZ Limited which specializes in motor vehicle parts and equipment has been allocated a 10-acre space having invested Ksh226.9 million at the initial stages and is expected to create 180 jobs once operational.

Warehouse and inventory management firm Africa Global Logistics SEZ  is expected to invest Ksh3.3 billion with the government allocating it 15 acres, with anticipation it will create more than 1,500  jobs.

Horizon SEZ Ltd, a manufacturer of glass bottles and glass products has also been allocated a 10-acre piece of land with an anticipated investment of Ksh12.7 billion.

Ceylon Energy SEZ, an integrated factory for the manufacture of low to high-voltage overhead line fittings and transmission is set to invest Ksh1.1 billion on 5 acres of land with 374 jobs set to be created.

Accurate Steel SEZ Limited which will deal in the manufacturing of steel elements is anticipated to invest Ksh1.9 billion on a 10-acre land.