Konza City to host several US based SMEs once completed
Konza Techno City (KTC), one of the national flagship projects for Vision 2030, is set to host several US based SMEs after an MoU was signed between Konza Technopolis Authority and an American business lobby, The National Business League (NBL). Konza Technopolis Authority signed the MoU in anticipation that the agreement will position Kenyan SMEs to better compete in regional and international markets. The MoU lays a framework for small local businesses to benchmark and learn best practices.
“Through the establishment of Small and Medium enterprises Development Programme, we shall assist Small and Medium Enterprises (SMEs) across Kenya and the US in accessing and obtaining business development opportunities through export promotion, joint ventures, strategy alliance and direct investment” Said Dr. Malcolm Beech, Vice President, NLB.
The National Business league is national federation of individuals, firms and associations engaged in business enterprises, with members drawn from over 37 states whose aim is to support its member’s access business opportunities in deferent parts of the world.
“We have received more than 200 expressions of interest from investors both local and international, who are expected to form the bulk of the pioneer investors and partners in Konza city. We have registered good interest by the private sector particularly the telecom operators and leading banks who want to locate their data centers and other ICT investments in Konza” said Eng. John Tanui, CEO KoTDA
The partnerships was done in the realization that significant milestones in infrastructure development around Konza Techno City has happened and continue to roll out with anticipation that Phase 1 of Konza Project will finalize by 2020. The already completed infrastructural developments include the construction of four kilometers of road network within the Konza city and the digging of a total of seven boreholes accompanied by the completion of associated water piping system. Fibre connectivity from the National Optic Fibre Broadband has also commenced on site.
When Phase 1 of Konza Techno City is completed around 2020, it is geared that over 20,000 jobs will be created in addition to attracting over 200,000 residents in the city by 2030. It is also expected that Konza City will contribute $1 billion (approximately 2%) to the country’s Gross Domestic Product (GDP) once Phase 1 is operational. Other value adds that will be provided by Konza City will include provision of optimized, smart and sustainable city services that responds directly to the needs of its residents, workers, and visitors.