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Banks ink Sh107b deal to fund Kilifi's special economic zone

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Vipingo Special Economic Zone is a 2,000-acre industrial hub designed to lower costs, streamline operations, and maximize profitability. [Courtesy]

KCB Group and the African Export-Import Bank (Afreximbank) have signed an $800 million (Sh107 billion) joint funding agreement to operationalize the Vipingo Special Economic Zone (SEZ), a mega project aimed at positioning the country as a manufacturing and export hub.

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