Kisumu secures land for special economic zone
SEE ALSO :Race to replace Kisumu speaker kicks offPart of this partnership entails IFC support for a more detailed feasibility assessment and market trend and demand analysis for the site, in the Greater Lakes region and beyond. Feasibility studies The SEZ is expected to, among other issues respond to demand from specific companies for the services of a zone. “We are encouraged that IFC has since engaged PwC India to undertake pre-feasibility studies, market demand analytics and demand forecasts,” Nyong’o said. This includes the sector prioritisation and assessment of economic and commercial viability of Kisumu Miwani SEZ and sustainability of the project.
SEE ALSO :Kisumu Speaker in new bid to save jobIndustrialisation Principal Secretary Francis Owino said they will go ahead with the plan since the project is economically viable. “For us to transform Kisumu to move to a newly industrialised county we must enlighten people to embrace the SEZ,” Owino told The Standard. The PS said the SEZ is a highly regarded investment that will facilitate foreign direct investments to Kenya and that they will not allow critics to hinder its benefits. Nyong’o said energy, for instance, has been a major impediment of industrial growth in the region. “Kisumu has largely been dependent on the unreliable energy supply from the Sondu Miriu hydro plant. This has been a single line that is prone to disruptions, besides being inadequate,” he said. Kenya Transmissions Company is currently building a 4000-kilovolt ring around the region. This involves the construction of a transmission line from Olkaria geothermal plant through Lesos and the proposed SEZ to terminate at Mamboleo. The line will then join the hydro line from Sondu Miriu to create a redundancy measure. On water, there has been heightened activity within government circles to bring to realization the Koru-Soin Multi Purpose dam. ‘’This project will answer to the water demands around the SEZ and the greater region besides being a major factor of agro-production," he observed. The SEZ sits at a vantage position ringed around by developed road networks, an international airport and now, a port that will open the gateway to the regional markets. This will equally improve access to raw materials.’’ I am confident that the feasibility study will find that market access will be the least of the worries from Kisumu here.’’ ‘’When I was the minister for Economic Planning, we developed a policy paper called ‘Economic Strategy for Wealth Creation and Employment,’” Nyong’o said.
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