By Agnetta Okwemba
Government of Kenya is set to begin the allocation of Kshs 1.4 billion to compensate 1,648 Project Affected Persons (PAPs) under the Dongo Kundu Special Economic Zone (SEZ).
Additionally, 400 acres of land have been allocated for the resettlement of the affected persons.
This is according to cabinet secretary for investment, Trade and Industry Salim Mvurya.
Mvurya said that he has also directed SEZA to gazette the Lamu Port-South Sudan-Ethiopia (LAPSSET) SEZ.
“Already, investors in the Desalination, Fish Processing, and pharmaceutical sectors have expressed interest in the area,” he added.
He urge investors to tow the line within the six-month grace period failure to which the licenses will be repealed by SEZA.
Mvurya made the remarks on Monday after holding a meeting with KPA led by its chair, Benjamin Tayari, Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET) Corridor project chair Ali Mbogo, and Special Economic Zones Authority chair Fredrick Mutete.
A total of 97 investors have so far expressed interest in setting up operations within the 3,000-acre SEZ.
Of those, 60 per cent are residents while 40 per cent are international investors.
Key sectors such as energy, pharmaceuticals, and glass manufacturing are among the industries expected to establish premises in the zone.
To boost Kenya’s economic growth, the government will also gazette the Lamu Port South Sudan-Ethiopia Corridor Development Authority (LAPSSET) SEZ
