- The first EPZ, measuring approximately 135 hectares, is located in Eldoret.
- The declarations come as a significant development for Kenya's trade and investment sector.
Image: FILE
Cabinet Secretary for Investments, Trade, and Industry Moses Kuria has declared two new Export Processing Zones (EPZs) in the country.
The first EPZ, measuring approximately 135 hectares, is located in Eldoret/Municipality Block 15/1757 in Uasin Gishu County.
The second EPZ, measuring approximately 341.2 hectares is situated in Bukhayo, Nasewa/1500 in Busia County.
The announcement by the CS was made in a gazette notice issued on April 17, 2023.
The declarations come as a significant development for Kenya's trade and investment sector.
An EPZ is a designated area for industrial and commercial operations that are primarily aimed at exporting goods and services.
By establishing EPZs in different parts of the country, the government aims to attract foreign investment, create employment opportunities, and increase the country's exports.
According to the Export Processing Zones Authority (EPZA), there are currently 10 EPZs in Kenya, located in different parts of the country, including Nairobi, Mombasa, Athi River, and Kisumu.
These zones have attracted a wide range of industries, including textile and garment manufacturing, agro-processing, and horticulture.
The establishment of new EPZs is expected to boost Kenya's export earnings, create more job opportunities, and contribute to the country's overall economic growth.
The government's move is also in line with its vision to position Kenya as a hub for trade and investment in the region.
As Kenya continues to position itself as a trade and investment hub in the region, the establishment of EPZs is expected to play a critical role in achieving this vision.
The government's efforts to create a conducive environment for investment and trade are expected to pay dividends in the long term, as Kenya seeks to become a key player in the global economy.