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Investors on top gear two years after Sh30M investors conference, report shows

By Kennedy Gachuhi | August 1st 2020

A progress report on Nakuru International Investors Conference (NIICO) held in Naivasha in 2018 has reaffirmed hope for the county to create more jobs and produce more goods and services.

The report was tabled in the county assembly by the committee on Trade, Tourism and Investments yesterday following questions from ward representatives on the feasibility of the conference that cost the county millions of shillings.

“It has never been made clear how much the county spent on the conference and to date no investor has commenced their projects.

“The electorate need to know whether they got value for money,” said Naivasha East Member of County Assembly Stanley Karanja.

While responding to the request, the committee chairperson Paul Kimutai said the county government had spent over Sh30 million on the conference but was steadily making progress on commitments made by the investors.

“From the Executive we have established that they spent Sh30.9 million on the conference which was aimed at marketing Nakuru as an investment destination in the country. The progress made is appealing,” said Kimutai.

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