This archive report was first published on 25 June 2020.
On June 25, 2020, Nakuru Governor Lee Kinyanjui signed into law four bills aimed at promoting the county's industrial status and expanding its revenue base.
The Trade Act, one of the bills, paves the way for the establishment of the Nakuru County Investment Board, which will source international and local investors and promote business meetings, investment conferences, and exhibitions.
Speaking at his Milimani offices, Governor Kinyanjui noted that the new statutes had been crafted to attract capital flow into the county, empower Small and Medium Enterprises (SMEs), create employment opportunities for women and the youth, and expand the devolved unit's revenue base.
The bills also include the Nakuru Enterprise Fund Act, which enables SMEs to acquire affordable loans from the County government for business operations, training, and acquisition of entrepreneurial skills.
Additionally, the Nakuru County Tourism and Marketing Bill has been signed into law, establishing the Nakuru County Tourism and Marketing board, which will market the County as a tourist destination and promote business meetings, conferences, and exhibitions.
The Nakuru Cooperative Revolving Development Fund Bill has also been assented to, providing low-interest loans to cooperatives towards promoting the welfare and economic wellbeing of their members.
