Konza, Tatu Partner to Attract Investments

By Estate Cloud - - Kenya

Konza, Tatu Partner to Attract Investments

Konza Technopolis and Tatu City yesterday announced a new partnership that will see the two entities working together to attract investors.

In a statement, representatives of the two cities said the partnership involves jointly developing investment policies for the two projects to position them well for both local and international investors.

They said Tatu City and Konza, which are Special Economic Zones (SEZ), had identified a number of common interests to attract investment in Kenya.

“We are excited as Tatu City to be visiting Konza today. As sister cities with a common goal of easing the burden of urbanization in Kenya and also promoting investment in Kenya, we shall be working together in creating these opportunities,” said Tatu City’s Mendenhall during a courtesy call to Konza Technocity.

Medenhall said the two entities had appointed teams to particularly look into the operationalization of the Special Economic Zones to attract local and foreign direct investments by creating a favourable economic environment.

KoTDA’s CEO Eng John Tanui said Konza Technocity and Tatu City, both smart city initiatives, are ready to collaborate with other government and private agencies to attract more investment into the country. He cited the recently completed Konza National Data Centre which can benefit both entities as they look forward to further collaborations other partners outside the country.

KoTDA Directors Mr Ken Waibochi, Eng Kaburu Mwirichia and Rendeavour’s Deputy Country Head, Mr Evans Dimba, were also present during the visit.

Initial engagement between the two entities took place in 2017 and Eng. Tanui said the collaboration will continue to address mutual smart cities issues to improve the ease of doing business in Kenya. Last year, Konza Technocity saw a rise in demand for land beating projections despite the pandemic.



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