Economy zones planned for Kenya to help encourage investment

25/05/2012 - Kenya property & investment news Posted by Neil King
Economy zones planned for Kenya to help encourage investment

Kenya's government has unveiled plans to place economic zones in areas of the country to help drive job creation and financial growth. Ministers have identified pockets of land in Mombasa, Lamu and Kisumu where businesses will be able to set-up shop. According to standardmedia.co.ke, investors will be able to take advantage of cheap land, electricity and other basic infrastructure needs in these zones. Acting industrialisation minister, Amason Kingi, told the news provider that the aim is to keep investment flowing into the country. He explained: "We are tired of investors coming to Kenya and eventually run away due to lack of the necessary infrastructure to set up companies. "We do not want investors turning away from us on claims that electricity bills are too high. We want to make it affordable." It comes as Mombassa shopping centre was unveiled earlier this week, bringing some of the country's leading retailers to the city.