Market News

North Rift trade hub project clears regulatory hurdle

Eld11

A street in Eldoret. FILE PHOTO | NMG

Summary

  • The implementation of a multibillion-shilling Industrial park project meant to transform the North Rift region into a major commercial hub is set for revival after years of delays due to lack of regulatory approvals.
  • Uasin Gishu County trade executive Emily Kogos said the Sh200 billion Africa Economic Zones Limited (AEZ) project meant to develop and operate the first private Special Economic Zone in the region had been held up by delayed certification.

The implementation of a multibillion-shilling Industrial park project meant to transform the North Rift region into a major commercial hub is set for revival after years of delays due to lack of regulatory approvals.

Uasin Gishu County trade executive Emily Kogos said the Sh200 billion Africa Economic Zones Limited (AEZ) project meant to develop and operate the first private Special Economic Zone in the region had been held up by delayed certification from the National Environment Management Authority (Nema) and Kenya Power, but work will now resume.

The investment was launched almost five years ago at Plateau area, some 40 kilometres from Eldoret town. It was founded by businessman David Langat, chairman of the DL Group of Companies.

“The work at the park was temporarily halted by coronavirus and delayed certifications by Nema and Kenya power which have been resolved,” said Dr Kogos.

She disclosed that two solar projects under the investment have been completed and security fence constructed.

The project will be undertaken in three phases, with the first dubbed AEZ Pearl River sitting on a 700-acre site and targeting agro processing, energy, machinery, engineering, construction, electronic, ICT, chemical and pharmaceutical industries.

Phase two consist of a science and technology hub on an 86-acre piece of land, and in addition to an IT hub will also host a convention centre, administrative, residential, recreational and green zones.

The third phase sitting on 1,000 acres will comprise a recreational zone with a stadium and golf range, and a residential zone of three- and four-bedroom units.

Governor Jackson Mandago said that the project will connect Uasin Gishu with investments the North Economic Block which brings together seven counties in the agriculturally rich region.

He said the project will in the next two years offer employment opportunities to the locals and improve infrastructure.

Over 18 global firms have already signed up to set up industries while others have expressed their interest in the zone.