Economic prosperity is essential to Kenya’s future. That is why expanding trade and investment ties between the Lake Region Economic Bloc counties is a top priority. The upgrade of market centers and the road network interconnecting these counties are examples of the opportunities we have to achieve our shared prosperity.
A responsibly-regulated, free, fair, and open market for produce is one way to unlock the region’s potential and give residents the future they deserve. Entrepreneurs – particularly women and young people – are now able to access credit to sustain and grow their businesses.
This spans from Kisumu to Homabay, Kisii to Ugunja, Migori, Nyamira, Siaya, Vihiga, Busia, Kakamega, Kericho and beyond. According to Governor Anyang Nyong’o, investors have already signed a Memorandum of Understanding with the County ahead of the Kisumu Investment Conference scheduled from December 19 to 22, 2021, at the Jomo Kenyatta International Stadium in Kisumu. “I am delighted to inform you that we are working hard to turn Kisumu into an investment haven.”
Private-public partnerships are expected to unlock employment potential in the region and firms are setting up factories in Kisumu, including a cement factory in Awasi and an upcoming multi-billion leather factory within the County. Speaking during the Great Lakes University of Kisumu 15th Graduation Ceremony, the Governor intimated that Med Aditus Limited has signed an MOU with the County Government of Kisumu that will bring the latest world-class technologies in pharma manufacturing to the county.
“Many investors who are happy with our leadership model are knocking on our doors with business ideas and proposals.” Opportunities abound for investing in agricultural production aimed at meeting both local and export market demands. For example arrow roots, green grams, ground nuts, beans, cassava, finger millet, sorghum, maize, French beans, rice, sweet potatoes and so much more.
Lake Victoria’s fish stocks supports millions of livelihoods across the region and on the other hand promotes auxiliary industries such as boat making and repairs, net makers, packaging, hotels, resorts and commercial fish farming, also known as aquaculture.