- The investment will be injecting a total of Kshs 30 billion into the economic zone.
- The project is set to generate 3,000 jobs across diverse sectors.
President William Ruto on Saturday launched a power station and issued enterprise licences to six companies setting up at the Naivasha Special Economic Zone.
The president, who commissioned 90 MVA Naivasha Special Economic Zone Substation, said he is on course in the quest to transform Kenya into an attractive investment destination and a leader in green industrialisation.
"By equipping our Special Economic Zones with clean energy and essential infrastructure, we aim to attract foreign direct investments, drive industrial growth and enhance exports,'" the president said.
"This is how we plan to grow our economy and create jobs for our people."
The Substation in Mai Mahiu, Nakuru County, will power industries in the facility at reduced costs.
The investment, State House said, includes local and foreign investors, injecting a total of Kshs 30 billion into the economic zone.
The project is set to generate 3,000 jobs across diverse sectors including bottling, EV cars, logistics, power, energy and steel mill.
Other sectors include plant essence extraction and a regional car auction centre.
"Under the President's economic reforms, Kenya is now the top choice for investors, offering stability and growth,'' State House spokesperson Hussein Mohamed said on X.
He said that the country's GDP is booming at 5.4 per cent, ranking 29th globally according to the World Bank.
"Kenya is the 3rd position as a top global destination for FDI in 2024 and leads Africa in startup capital securing $800 million in 2023," Mohamed said.
Mohamed said the successes highlight the country's vibrant entrepreneurial landscape.
The President is accompanied on the tour by Deputy President Rigathi Gachagua, Cabinet Secretaries Davis Chirchir, Rebecca Miano and Zacharia Njeru.
Nakuru Governor Susan Kihika, MPs and MCAs are also present.