Thu, 12-Mar 2026

Search news articles
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics
  • Kenya Business NewsAfrican Business NewsGlobal News
  • Press Releases
  • Shows
  • Best Places to Work 2026
Subscribe
Events
Subscribe
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics

    Contact Us

    Media Queries & Partnerships:[email protected]

    About Us

    We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.

    Disclaimer

    The information contained in this website is for general information purposes only.
    © 2026 Wallstreet Africa Technologies LTD.. All Rights Reserved.
    1.0.32

    Guest Opinion; Counties are ripe for investments

    The Kenyan
    By The Kenyan Wall Street
    - November 23, 2017
    - November 23, 2017
    Kenya Business news
    Guest Opinion; Counties are ripe for investments

    Amazon, the American retail giant is scouting for its second headquarters. Many cities are scrambling to be picked and Amazon is considering various factors including availability of skilled labor force. The city that will be picked expects to gain from billions of dollars in investments and tens of thousands of job opportunities.

    Here in Kenya, albeit in less grander scale, business are getting ready to scale up their investments. And as devolution 2.0 gets underway, it’s time for counties to step up their game in attracting investors. Though Nairobi used to get the lion share of new investments, nowadays the ground has shifted. Reality is that any of the 47 counties no matter how far flung from the capital, is in Kenya which is the largest economy in East Africa and a gateway to the region.

    There are many changes which have occurred in the recent past that have levelled the ground and are even favoring the counties. First is the power connectivity. The government has embarked on an ambitious programmed to connect all areas to the national grid including villages. Thus wherever you are you can access power for business. Internet penetration has also dramatically improved and with it communication is enhanced.

    The emergence of Huduma centres has decentralized many government services and one does not need to come to Nairobi to be served. The many roads being constructed facilitate speedy and efficient travel. In fact many people who work in Nairobi live in the neighboring counties and there is no reason why industries shouldn’t.

    Also, county governments whose area of jurisdiction is limited have fewer interests to balance compared to the national government. In conjunction with the county chapters of the chamber of commerce, traders can lobby for favorable laws that are tailor made for them. Cooperation between the counties and businesses is likely to be enhanced.

    Finally many of the natural features for which Kenya is renown are outside Nairobi. Thus Narok can be the Masaai Mara County, Mombasa is gateway to the world, Mount Kenya counties host the second tallest mountain in Africa while Turkana boasts a world heritage site and so forth. Thus would be a big selling point to investors.

    As industries in the past concentrated in the cities , pollution is less in counties , the quality of life is higher and the cost of life lower than in cities. Land for expansion is also cheaper and available.

    For counties to attract their business they also need to play their part. Imposing exorbitant and arbitrary levies should be discouraged. Though we need to ensure employment for the locals, counties ought to balance that with the need for businesses to source their labor from anywhere so as to get the best talent. Counties should also embrace and tolerate diverse cultures. Political tolerance is of paramount importance since businesses hate uncertainty.

    The rewards for counties welcoming investors are great. Employment, opportunities, revenues and development to name a few. Its time counties got ready for business.

    By Kariuki Gathuitu

    [email protected]

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Your edge in markets, powered by AI

    Explore cutting-edge insights with our AI assistant, delivering real-time analysis, personalized news, and in-depth answers at your fingertips.

    Sign Up

    Show me today’s top trades

    Explain the market in simple terms

    What’s my next smart move?

    Report Issue

    Wall Street Africa Business Intelligence

    Access exclusive news, expert analysis, and tools designed to give investors an edge.

    Fixed Income

    Real-time bond pricing with instant calculations, auction data, yield curves, and trend analysis for Africa’s fixed-income markets.

    Local and Global Insights

    Unique perspective with a blend of local and global news and analysis, tailored for African investors.

    Real-Time Economic Indicators

    Monitor inflation, currency movements, and other key economic indicators for African countries.

    Interactive Data for Local Markets

    Visualize trends and compare markets across Africa with interactive charts and tools.
    Wallstreet Africa
    Wallstreet Africa
    Wallstreet Africa