This archive report was first published on 22 September 2021.
On September 22, 2021, Konza Technopolis Development Authority (KoTDA) announced plans to establish an association for Special Economic Zones (SEZs) to promote investments and development in Kenya.
The association will work towards creating a favorable environment for SEZs, attracting foreign direct investments (FDI), and promoting domestic investment.
According to Preston Mendenhall, Tatu City's Chief Operating Officer, the collaboration between the two cities will boost urban development and ensure the good implementation of SEZs in Kenya.
"We are glad for the continued engagement between us and Konza Technopolis. What we have identified as sister cities is that we must collaborate closely on the Special Economic Zones which is relatively new legislation to ensure its good implementation in Kenya to enable it to attract Foreign Direct Investments in Kenya and also benefit all domestic investors," Mendenhall said.
So far, 64 companies have taken space at Tatu City, with 13 operating under the SEZs category. The two cities aim to position Kenya as a global industrialization hub by bringing in more investors and easing the weight of urbanization on cities.
