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Conference lures new investors to coast

By | February 4th 2010

By Philip Mwakio and Ngumbao Kithi

Coast province is already feeling the impact of the investment conference held by the Coast Peoples Forum (CPF), Coast Parliamentary Group and Kenya Investment Authority (KenInvest).

Because of the joint initiative, seven investors, including a dairy firm, three mining companies and horticultural firm have shown interest in starting operations at the Coast.

"The conference successfully achieved its set objectives, and it is only a matter of time before we see entrepreneurs starting their operations," Chairman of the inaugural Coast Province Investment Conference (Copic), Fred Mweni, said.

Call for investments

The conference featured presentations calling for investments in tourism, education, roads, fisheries, transport, health services, agriculture, mining, energy, ICT and financial services.

The Kenya Association of Manufacturers (KAM) said that the success of the conference would be determined by how key recommendations are implemented.

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