Multi-Billion Shilling Deals from Kisumu Investment Conference
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- December 25, 2021
Last week saw Kisumu County host an international investments conference that brought in both local and international investors as well as from government parastatals.
Some of the deals signed and committed to are:
KShs 500,000 for afforestation programme in public spaces and institutions by Equity Bank Foundation.
University of Nairobi’s Institute of Climate Change and Adaptation has set aside KShs 40 million.
Med Aditus has unveiled plans to establish a pharmaceutical plant in the county at a venue and cost to yet be revealed.
Exhibitions at the Investment Conference
Delivery of medicine in rural areas will also be done using drones through an initiative supported by SkyCat Drowns.
Local Authority Pension Fund (Lapfund) has committed to construct an affordable housing project expected to solve accommodation challenges in the lakeside city.
Rocky Beach Hotel and Resort and Mariott Hotels are scheduled to sink KShs 5 billion in the hospitality industry and boost the tourism industry of Western Kenya.
Silk Mobile will create 2,500 jobs in the manufacturing of mobile phones, laptops, smart television sets and fridges through a KShs 2.5 billion investment.
A KShs 3 million memorandum of understanding with Maji Milele in a move which will ensure the provision of water ATMs in 10 dispensaries, in the informal centres to reduce water bills.
Zamara will promote affordable credit and saving schemes for micro, small and medium enterprises.
KShs 2.3 billion investment by Blue Gold will help improve the development of infrastructure in the satellite town of Kisumu. The plan entails extraction and distribution of water in Ahero, Kombewa, Katito, Muhoroni and Maseno.
To promote the adaptation of degraded hills, Kibos Sugar and Allied Industries has offered to adopt Kajulu hills for afforestation.
