HOMA BAY: An international airline company will build a three star hotel, an aviation school and a hangar near Kabunde airstrip in Homa Bay.
Captain Newton Osiemo, the Chief Executive Officer of Wilken Ltd said his company was also interested in geothermal power exploration in the County, which he said had massive unexploited investment opportunities.
"We are going to Homa Bay not because we are being begged to do so but because there are exciting opportunities that are pulling us there," Captain Osiemo told a pre-investment meeting in Nairobi, organized by the County government of Homa Bay last week.
His firm is among several blue chip companies that have confirmed participation in the Homa Bay International Investment Conference set for February 18 and 19, 2015.
He said they research findings showed that the Kabunde Airstrip which will receive its maiden commercial flight next Thursday had a huge potential for an aviation school, a hotel and a hanger that could serve a greater part of East Africa.
Governor Cyprian Awiti said his government was ready to offer land and tax incentives to investors.
Meanwhile, Baracuda Airlines which with Fly 540 are launching their maiden flights to Homa Bay on Thursday, will fly some 100 local and international Investors to the Homa bay conference.
Barracuda Airline Chief Executive Officer, Mr John Majiwa said they will use 2 Folker 50 planes to fly the investors to Homa Bay.
Senior executives from private and government agencies have praised Homa Bay for organizing the conference which will expose the county's many investment opportunities.
Kenya National Chamber and Commerce and Industry – vice chairman, Mr Laban Onditi, the Kenya Association of Manufactures Chief Executive Officer, Ms Phyllis Wakiaga and Kenya Investment Authority General Manager, Mr Pius Rotich said they were impressed by the County's preparation for the investment conference.
"The pre-investment meetings have been a huge success. I am shocked the high number of serious investors who attended the Nairobi meeting. It means Homa bay is hot favourite for investors," said Mr Rotich.
Ms Wakiaga challenged county governments to embrace value chain initiatives to add value to their produce.
"To prosper and gain from their farm produce and other products, county government must increase value chain development which currently stands at only 17 per cent," said Ms Wakiaga.
She said the Kenya Association of Manufacturers was planning to establish industrial parks in all the 47 counties to help increase investments in the regions.
Mr Onditi who represented the chamber chairman, Kiprono Kittonyi said counties were the new frontiers for local and international investors and asked the county governments to eliminate barriers that discouraged investors.