Special Economic Zones to Stimulate Investments; Spur Growth
Kenya will prioritise the establishment of Special Economic Zones in Dongo Kundu, Lamu, Naivasha, Athi River and Sagana to mirror Korea’s Incheon Free Economic Zone.
President William Ruto said this will stimulate entrepreneurship, drive investments and spur growth in the country.
“The Zones will support a wide range of business activities by providing tax benefits, quality administrative services and a comfortable living environment,” he said.
He was speaking on Thursday after visiting the Incheon Free Economic Zone in the Seoul Capital Area, South Korea.
President Ruto explained that Kenya will also leverage on Korea’s cutting-edge technology to enhance the digital economy, boost business and create employment.
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