Kenya has assured Konza investors that the government is dedicated to completing the Konza project as part of its digital economy plan.
Cabinet Secretary for Information, Communication, and the Digital Economy, Eliud Owalo stated that the government has already invested considerably in the project and is determined to develop the smart city to world-class levels.
“My presence here today is simply to assure you that the government is committed to developing Konza Technopolis into a world-class city. My Ministry is working to ensure that we deliver the Konza Bill to properly anchor the project into law to protect our investor’s interest.”
“We have invested heavily in Konza and we shall continue to support the institution to deliver on its mandate. We take the great progress that the city has made, including the developing of KAIST which is being undertaken jointly with the Ministry of Education,” said CS Owalo.
By the end of this year, the Kenya Advanced Institute of Science and Technology (KAIST) is set to enroll its first students.
While inviting investors to break ground and relocate their firms to Konza, the ICT CS stated that the government is available to help them overcome any obstacles that they may experience in expanding their businesses.
“We are glad about the investment we have made as a city. Looking forward, we are seeking to accelerate our vertical infrastructure development. In the next 12 months, we are looking forward to having at least five investors doing their groundbreaking for vertical infrastructure development,” he said.
So far, 25 investors in the Phase one have their leases registered, while ten investors’ designs have been approved.
On January 24th 2023 Konza Technopolis held a financiers-investor program which was aimed at supporting the investors to overcome challenges such as the high cost of construction materials and long-term affordable financing.
