A Sh1
billion steel processing industry has been opened in Rabai constituency, Kilifi.
Indian firm Jumbo Steel Mills began operations on Wednesday.
The company is among 11 firms that committed to invest
more than Sh300 billion in Kilifi during the International Investment Conference held in 2016.
Other firms that signed an MoU with the county government are Tembo Farming (Sh80 billion), Tova Environmental (Sh150 billion), RK Sangani (Sh70 billion), San Farming GmBH (Sh6 billion), FIO Corporation (Sh1 billion), Dida Ranch (Sh650 million) and Roka Investments (Sh 100 million) among others.
Kilifi governor Amason Kingi who officially opened the steel firm said it will create jobs for
residents.
Kingi said Industrialisation is
a pillar of the Big Four agenda. He urged other prospective investors to emulate Jumbo Steel Mills.
He said the county administration will slash
levies, and Jumbo Steel Mills will be exempted from paying land rates for a year until it is fully operational.
Kingi said the county will offer more incentives to attract investors.
Jumbo Steel Mills MD Indravadan Patel said once fully operational, the firm will employ 300 locals.
Related:
