Over 100 companies have so far invested in the Special Economic Zones SEZs across the country, according to the Chief Executive Officer of SEZ Authority, Dr Kenneth Chelule.
Chelule says more than 41,000 jobs have already been created within the SEZs across the country.
He was speaking at the sidelines of an ARISE IIP investment conference in Vipingo, Kilifi County on Tuesday.
Chelule further encouraged Kenyans to form cooperative societies to supply raw materials and services to businesses operating within the country’s Special Economic Zones (SEZs), as the government intensifies efforts to stimulate local economic growth through industrialisation.
He emphasised the immense opportunities available for residents and entrepreneurs.
“We are urging Kenyans, especially those in areas where SEZs are located, to form cooperatives and take advantage of the opportunity to supply raw materials and services to these zones,” said Chelule.
Chelule also revealed that a Chinese investor, Linglong Tyres, plans to train over 200 Kenyan youths in tyre manufacturing.
“The company has made it clear that in the first six months, 200 people will be taken to China to undergo training on tyre manufacturing,” he said.
According to him, this is part of a broader strategy to equip Kenyans with specialised skills that will be in high demand as SEZs grow and attract more industrial investment.
He pointed out that local suppliers will be prioritised, adding that the policy of giving first consideration to residents surrounding SEZs is aimed at stimulating grassroots economic development.
The SEZ Authority boss further noted that goods and services supplied to companies within the zones are zero-rated for tax purposes, a government policy designed to support and grow local businesses.
“The zero-rating of goods supplied to SEZs is a deliberate policy to ensure local suppliers are not left behind. It’s about building a robust supply chain that starts with Kenyan producers,” Chelule said.
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