Investment
The County government of Kakamega is ready to sign Memorandum of Understanding (MOUs) with various investors during a four-day forum of the Kakamega County International Investment Conference that commenced yesterday.
Kakamega Governor Fernandez Barasa says the Kakamega County Investment and Development Agency (KCIDA) is expected to ink a number of MOUs at the end of the conference that is expected to end on Friday March 22, 2024.
Speaking Tuesday during a pre-conference briefing, Barasa said he will use the opportunity to woo investors to invest in various fields ranging from agriculture, agri-business, medical, education and social sectors.
The Governor said his government was looking for investors to operationalize the Malava diary factory, the stalled Kakamega Teaching and Referral hospital which is touted to become the largest referral health facility in the country with a capacity of 700 beds and investment in the hospitality industry.
“We need investors in the hostel sector to provide accommodation to over 21,000 students at Masinde Muliro University of Science and Technology (MMUST) as well as the over 14,000 students at Sigalagala National Polytechnic” he added.
Other sectors lined up for investment include the hospitality and sports sectors, fisheries, establishment of a cancer center among others.
The conference is taking place at Masinde Muliro University and is themed “Opening up Counties as the New Frontiers for Investment and Development.
President William Ruto is expected to officially open the conference today with former Prime Minister Raila Odinga expected to grace the second day (Thursday) and Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs expected to close the forum on Friday this week.
The Governor said a number of foreign dignitaries, local and international companies’ government representatives, foreign mission representatives, and development partners among others will attend the conference.