President William Samoei Ruto and Trade Cabinet Secretary (CS) Lee Kinyanjui have signed seven major deals with the private sector in Kenya that will create 25,500 jobs for Kenyans.
Head of Presidential Special Projects & Creative Economy, Dennis Itumbi, said the two led Kenya in securing significant investment deals with the private sector.
Itumbi said President Ruto just landed in China and and the results are already showing.
“The result: new companies setting up, existing investors expanding, and thousands of jobs unlocked across the country,” he said.
The deals include China Wu Yi which is a planned investment in a Special Economic Zone for manufacturing, processing, and warehousing in Kikambala, Kilifi County.
He said 191 acres of land has already been acquired and feasibility study completed.
Some of the historical investments: Thika Superhighway, JKIA Modernization, Athi River Precast Factory.
It has a potential to create 5,000 jobs.
Manufacturing Companies
Chongqing Shangcheng Apparel Group Co., Ltd / Pengfeng Investment Ltd is the second deal.
This is a current investor employing 3,200 people in Athi River (apparel manufacturing).
There are planned godowns projects to set up manufacturing factories for textiles, garments, and solar power in Murang’a and Athi River.
This will unlock 7,000 jobs and invest $300M over 10 years.
It has secured 14.3 acres of land in Kajiado, 100,000 square meters for godowns along Mombasa Road in Machakos County.
Ruto plans to expand the existing Rongtai Steel manufacturing plant with additional production lines and the establishment of an R&D Centre in Lukenya.
The land will be secured within existing premises, and it is projected to create 3,000 jobs.
Historical investment is the $40M facility in Mavoko, Machakos County, supporting 700 jobs.
There is a planned development of a smart traffic components hub in Mombasa under the Kenya Smart Transportation Industry Park / Anhui Jiubao Electronic Technology Co. Ltd.
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Ruto Signs Poultry Investment Deal
It is projected to employ 5,000 people and 50 acres has been identified in Murang’a.
Besides, there is a planned investment in a hen laying farm with a stock of 500,000 hens, 10,000 breeding birds and feed factory.
This is a first-time investor in Kenya and is expected to create 500 jobs.
The government has identified 100 acres in Kajiado.
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Zonken Group (Biotech Corporation Ltd & Zonken Environmental Technology Ltd) will establish a large-scale aloe cultivation, processing, and export base in Baringo County.
300 acres of land has been acquired and projected to create 5,000 jobs.
Additionally, 72 acres have been acquired fir vineyard construction for grape seedlings.
$2.5M has already been invested in seedling cultivation for apples and grapes.
Hotel Industry
Ruto also signed an agreement with Hunan Conference Exhibition Group / Huatian Hotel Management Co.
Hunaa is a leading Chinese hotel investor with capital of USD 14B operating many hotels in Europe and Southeast Asia.
It is seeking to acquire or lease hotels in Nairobi.
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