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Moderna, Taifa Gas deals increase Kenya’s yearly FDIs to Sh135 billion
President William Ruto and Taifa Gas Group chairman Rostam Aziz during the ground-breaking ceremony of the 30,000-tonne liquefied petroleum gas (LPG) handling facility at the Dongo Kundu Special Economic Zone in Likoni, Mombasa County on February 24, 2023. PHOTO | WACHIRA MWANGI | NMG
The deals Kenya signed with US firm, Moderna, for building a vaccines factory and Taifa Gas of Tanzania for cooking gas refilling plant helped the government to meet the target for foreign direct investments last financial year, authorities say.
The Investment Promotion desk says the deals, together with three others, were pivotal to unlocking slightly more than Sh135.85 billion in flows for the year ended June 2023.
