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President invites US firms to Kenya’s special economic zones

Published on October 09, 2015

President Uhuru Kenyatta has invited US companies to take advantage of Kenya’s new policy on special economic zones.

The President said the Special Economic Zones Act he enacted recently revolutionizes the business environment for industries operating in Kenya as it has removed restrictions previously affecting companies based in export processing zones.

“Our new special economic zones law allows you to manufacture goods that you can sell to Kenya and export to the region as well as the rest of the world,” the President said when he addressed   a meeting hosted by a consortium of US companies and the Corporate Council on Africa on Tuesday morning.

The special economic zones law provides incentives for industries to operate in designated zones including Naivasha, near the Ol Karia geothermal power plants. Read more. Source | KBC