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As the key project of Kenya’s national development plan Vision 2030, Konza Technopolis which is in its closing stages of completion in the first phase, is wooing Chinese investors.
The technopolis has many opportunities that can bring Africa and China together according to Anna Wafula, manager of business development and innovation at the Konza Technopolis Development Authority.
“For instance, here at Konza Technopolis, we have many investment opportunities that can be taken up by Chinese investors who will enjoy incentives, such as tax reliefs, while operating under a one-stop shop because the Technopolis is a special economic zone.”
Work done on the 1st phase of the project
Konza Technopolis is winding up laying the essential infrastructure and categorizes the first phase of the project. It is projected that Phase I of the Technopolis, upon completion, will generate 17,000 jobs. Additionally, the Technopolis will contribute an additional 2 per cent of GDP to the country.
A 400-kilovolt Konza substation, one of the key infrastructure undertakings in the Technopolis is being constructed. The substation is constructed by the China Aerospace Construction Group Co and is projected to supply power by March next year.
Background of the Konza Technopolis Project in Kenya
Konza (Konza Technopolis ) is a key flagship project of Kenya’s Vision 2030 economic development portfolio. The city is located 60km from Kenya’s capital Nairobi. When complete, it is expected to be a world-class city, powered by a thriving information, communications and technology (ICT) sector, superior reliable infrastructure and business-friendly governance systems.
The city will be home to leading companies in education, life sciences, telecom, and BPO/ITES. Commercial space for these uses will be complemented by diverse residential neighbourhoods, hotels, a variety of retail offerings, community facilities, and other public amenities.
Konza Technopolis is expected to be a walkable city, one that includes high-quality public spaces, active and varied amenities, and short commute times between destinations. Below is the project’s timeline and all you need to know: |
