Eastern region eyes foreign investors

By Daniel Nzia

Three counties in Lower Eastern region have laid strategies of attracting foreign investors for partnership in general development and investment.

Machakos, Makueni and Kitui counties have come up with a five-year development strategic plan to unlock development opportunities in the region.

The three become the first counties to come up with the unique approach since the promulgation of the new Constitution.

Under the Southern Eastern Investment Conference 2011 (SEICO 2011) banner, the counties have invited local and international investors to exploit untapped investment opportunities.

The counties will host a two-day investment summit in Machakos town on April 7 and 8 to showcase investment opportunities in the three counties which include mining, real estate, fruits processing and ICT development ventures.

Spur development

The chairman of SEICO 2011 and Mutui Museo (good neighbour) organisation Mr Issac Kalua said several international investors have already indicated their willingness to partner with SEICO 2011 to spur the regions social and economic development.

"Investors from as far as Japan and Italy have confirmed their participation in the event including their willingness to invest in the region," said Kalua.

He said Mutui Museo will host the summit to be held at Kenyatta stadium in partnership with the Kenya Investment Authority and Bola Investments as organisers.

He was speaking at the Machakos Golf Club during a pre-summit preparation forum attended by investors and professionals from the three counties.

Kalua said each of the three counties have picked 10 priority areas for investment.

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