The Ministry of Industrialization, Trade and Enterprise Development and the Special Economic Zones (SEZ) Authority recently launched a web portal where current and potential investors will access key information such as investment opportunities and incentives, investor road maps and facilities, as well as administrative and tax incentives.
The interactive online platform will support SEZ Authority’s work of investor outreach, retention, and after-care strategies.
Special Economic Zones are specialized areas with unique business rules that provide private firms with quality, cost-effective, reliable infrastructure, efficient customs services, regulatory predictability, and even financial incentives. Kenya has approximately 10 Special Economic Zones which provide regulatory and administrative predictability, quality industrial infrastructure, and market access and thereby boost the private sector’s competitiveness.
Speaking during the launch of the web portal, Hon. Betty Maina, the Cabinet Secretary in the Ministry of Industrialization, Trade and Enterprise Development said, “Special Economic Zones are a key pillar for Kenya’s industrialization agenda, value addition, and platform to leverage and catalyze private sector investment.” The Cabinet Secretary added that the government will work closely with the Special Economic Zones Authority to support the private sector, particularly companies in the manufacturing sector.
The SEZ Authority web portal was developed with the help of the International Finance Corporation (IFC) which offered technical support. SEZ Authority said it will regularly update the website with statistics and analysis reports on the country’s socio-economic development and an investor’s roadmap with data on what is needed for starting a business in Kenya.
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