Kenya’s government has declared the Olkaria area in Naivasha a Special Economic Zone (SEZ), paving the way for industrialization and clean energy investment.
This move aims to position Kenya as a regional hub for industrialization, leveraging its world-class geothermal resources for sustainable economic growth.
The Olkaria SEZ, spanning approximately 8,292 acres in Nakuru County, will drive industrial investment, clean energy manufacturing, and export-oriented production.
Businesses will enjoy incentives like tax exemptions, infrastructure support, and affordable geothermal power, attracting local and international investors seeking sustainable operations.
According to KenGen’s Managing Director and CEO, Eng. Peter Njenga, the Olkaria SEZ will support industries in green manufacturing, agro-processing, electric mobility, and data centers.
This initiative aligns with Kenya’s Bottom-Up Economic Transformation Agenda (BETA) and its commitment to net-zero industrialization.
“This declaration cements Kenya’s commitment to industrialisation, job creation, and sustainability. Olkaria’s abundant geothermal energy makes it an ideal location for industries looking for reliable, low-cost, and green power, aligning with Kenya’s vision of becoming a global leader in renewable energy-driven industrialization,” said Eng. Njenga.
The Olkaria SEZ’s strategic location along key transport corridors, including the Standard Gauge Railway (SGR) and the Nairobi-Mombasa Highway, will provide investors with seamless access to local and global markets.
KenGen’s Green Energy Park, part of the SEZ, will offer a conducive business environment with world-class infrastructure, reliable green energy, and investor-friendly policies.
With government backing, private sector interest, and KenGen’s commitment to reliable clean energy, the Olkaria SEZ is poised to become a cornerstone of Kenya’s industrialization strategy.
“Our Green Energy Park represents a transformative shift in Kenya’s approach to industrial development. By integrating clean energy solutions into manufacturing and industrial operations, we are not only reducing carbon emissions but also ensuring long-term sustainability and cost efficiency for businesses. This initiative aligns with our vision of making Kenya a top destination for investors seeking green energy-powered industrial operations,” said Eng. Peter Njenga.
The first phase of investor engagement has begun, with several multinational firms expressing interest in setting up operations within the SEZ.
Source: https://energynewsafrica.com
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