The power incentive alone, according to the MP, is key to attracting investors to Naivasha, many of who may have been reluctant owing to high-energy costs.

Geothermal charged

“For one, Naivasha and the surrounding areas are going to benefit greatly from the increased output of geothermal power that abounds in the vicinity. This will lower energy costs and make Naivasha a top investment destination,” says Mututho.

Naivasha will be among the beneficiaries of the recent announcement by the Energy Regulatory Commission (ERC) Director General Kaburu Mwirichia that invited private firms and county governments to seek licences and distribute electricity generated within their jurisdiction.

However, it is the recent rush to procure space for large property development that seems to catapult Naivasha into the big league in real estate. The area boasts of some of the most elaborate holiday homes in Kenya.

private cottages

For example, the Great Rift Valley Lodge private cottages hinge their exclusiveness to the unique ecosystem that is a haven for nature enthusiasts with hillsides full of indigenous plants that attract an assortment of birds, making bird watching from the comfort of a private balcony fun.

The homes are perched on one of the most splendid views — Eburru Escarpment — with price tags ranging from Sh30-40 million. Owned by who-is-who in Kenya’s political and corporate world, the homes, just like other similar developments, are weaved around an 18-hole golf course.

Breaking ground a couple of weeks ago is the multi-billion shillings Longonot Gate Development Limited project that will sit on 2,400 acres and is expected to house at least 1,500 country homes.

posh estates

The project will be a gated satellite community with an 18-hole world class golf course, a man-made lake to support water sports, a hotel and conference centre, university and a shopping mall among other social amenities.

According to the developers, the project will contribute to the national economy a total investment of about Sh85 billion over the next ten years accruing from the residential, commercial, leisure and social facilities. The project is expected to lead Naivasha region to economic growth by creating 5,000 job opportunities.

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