Investors Snap Up Rumuruti Opportunities
Updated on: Feb 28, 2021
Individual and corporate investors flocked Rumuruti town on Friday keen on snapping up investment opportunities presented at the ground-breaking Rumuruti Investment Forum.
The town was a beehive of activity as an estimated 3,000-plus people attended the forum at the County Headquarters ground on February 26, 2021.
An exhibition of Laikipia-made product, mostly by SMEs under the Laikipia Innovation and Enterprise Development Programme, run in tandem with the conference.
Chief Administrative Secretary in the Ministry of Trade and Industrialization Lawrence Karanja was excited by the Laikipia four-wheeler tuktuk, BJ50 as drove it around the town which is made in Nyahururu. The CAS lauded the county government for its continued modernization its towns in a bid to create people-friendly towns that have conducive environment for growth of businesses.
This is a masterplan that is now enabling people to live, thrive and invest. I encourage others to emulate Laikipia with smart towns initiative and grow cities, he said while insisting that the move not only attracts investors, but also maintains them.
Among the first corporates to snap up the opportunities in Rumuruti was the KCB Group, which pledged to open a branch in the town soon.
There was a lot of interest in agriculture mechanization and value addition, beef, affordable housing, among others.
The Kenya Climate Innovation Center (KCIC) assured their support for the development of an asset leasing pool for the SMEs investing in Rumuruti and entire county.
This will help de-risk leasing firms to offer these SMEs equipment on a user-fee basis. The support will go a long way in ensuring sustainability in growth for businesses in the county.
Another area of interest was sustainable water for production, the Ksh. 3 billion Rumuruti Multi-Purpose Dam, Ksh.93 Million Lobere Dam, Ksh 300 million sewerage and treatment works by Nyahuwasco.
Development of Rumuruti Special Economic Zone is in progress with the towns Municipal Board setting aside about 2,000 acres for that purpose. This will transform the town into a multi sectoral economic zone that will allow for a live, work and play concept just like Nairobis Tatu city or Konza Technopolis.
The county government of Laikipia through the LCDA is willing to accommodate private affordable housing developers to put up houses on the government land on long term leases.
Kenergy has invested in a 40MW solar power to be sold at 8 USDc/kWh. Rumuruti is well positioned along the equator which makes the place to be a reliable solar resource.
Deputy Governor John Mwaniki poked the investors: "Think about thiswe have 18,000 cattle and 48,000 goats traded at Rumuruti livestock market at an average price of 20,000 and 5,000 shillings respectively. This translates to about 700 million, almost a billion a year."
"When the town expands, these numbers will double. Where will traders eat? Where will they sleep? People with money love entertainment, where will be their entrainment joints? That is where you come in. It's the reason of today's Investment Forum- believing in ourselves". Any takers?
The town was a beehive of activity as an estimated 3,000-plus people attended the forum at the County Headquarters ground on February 26, 2021.
An exhibition of Laikipia-made product, mostly by SMEs under the Laikipia Innovation and Enterprise Development Programme, run in tandem with the conference.
Chief Administrative Secretary in the Ministry of Trade and Industrialization Lawrence Karanja was excited by the Laikipia four-wheeler tuktuk, BJ50 as drove it around the town which is made in Nyahururu. The CAS lauded the county government for its continued modernization its towns in a bid to create people-friendly towns that have conducive environment for growth of businesses.
This is a masterplan that is now enabling people to live, thrive and invest. I encourage others to emulate Laikipia with smart towns initiative and grow cities, he said while insisting that the move not only attracts investors, but also maintains them.
Among the first corporates to snap up the opportunities in Rumuruti was the KCB Group, which pledged to open a branch in the town soon.
There was a lot of interest in agriculture mechanization and value addition, beef, affordable housing, among others.
The Kenya Climate Innovation Center (KCIC) assured their support for the development of an asset leasing pool for the SMEs investing in Rumuruti and entire county.
This will help de-risk leasing firms to offer these SMEs equipment on a user-fee basis. The support will go a long way in ensuring sustainability in growth for businesses in the county.
Another area of interest was sustainable water for production, the Ksh. 3 billion Rumuruti Multi-Purpose Dam, Ksh.93 Million Lobere Dam, Ksh 300 million sewerage and treatment works by Nyahuwasco.
Development of Rumuruti Special Economic Zone is in progress with the towns Municipal Board setting aside about 2,000 acres for that purpose. This will transform the town into a multi sectoral economic zone that will allow for a live, work and play concept just like Nairobis Tatu city or Konza Technopolis.
The county government of Laikipia through the LCDA is willing to accommodate private affordable housing developers to put up houses on the government land on long term leases.
Kenergy has invested in a 40MW solar power to be sold at 8 USDc/kWh. Rumuruti is well positioned along the equator which makes the place to be a reliable solar resource.
Deputy Governor John Mwaniki poked the investors: "Think about thiswe have 18,000 cattle and 48,000 goats traded at Rumuruti livestock market at an average price of 20,000 and 5,000 shillings respectively. This translates to about 700 million, almost a billion a year."
"When the town expands, these numbers will double. Where will traders eat? Where will they sleep? People with money love entertainment, where will be their entrainment joints? That is where you come in. It's the reason of today's Investment Forum- believing in ourselves". Any takers?
