- Its Economic Zone status provides reduced corporate taxes, customs and excise duty exemptions
- The first company planning to develop in Tatu City’s second phase is Kenya Wines Agencies Ltd, with others lining up.
The National Environment Management Authority (NEMA) has given Strategic Environment Assessment approval to the second phase of Tatu City to meet the demand for businesses, homes and social amenities.
The NEMA approval now paves the way for Tatu City to develop on a 2,500-acre piece of land designated for large-scale affordable housing and businesses.
The city’s first phase, also 2,500 acres, has more than 50 businesses operating or developing, two schools open educating 3,000 students daily and more than 5,000 homes delivered or under construction.
The first company planning to develop in Tatu City’s second phase is Kenya Wines Agencies Ltd, with others lining up.
“We are very pleased to have received our SEA from NEMA, whose team we wish to thank for careful review of our plans,” Evans Dimba, deputy country head for Rendeavour, Tatu City’s owner and developer. Said in a statement.
He added that they have already commenced multi-stakeholder engagement with monitoring bodies, such as the Kenya Wildlife Service, the Water Resources Authority and Kiambu County.
More than 30 per cent of Tatu City is reserved for green areas and public spaces.
Totaling 5,000 acres, Tatu City is a Special Economic Zone, with high-quality infrastructure for homes, offices, shops, schools, medical facilities and light industries.
Companies already operating or developing at Tatu Industrial Park include Cooper K-Brands, Dormans, Chandaria Industries, Twiga Foods, Kim-Fay, Africa Logistics Properties, Mapei, Copia, Tianlong and Stecol Corporation.
The Industrial Park’s Special Economic Zone status provides reduced corporate taxes, customs and excise duty exemptions, VAT benefits, profit and capital repatriation at reduced rates, as well as enhanced intellectual property rights, among others.