County secures Sh300billion worth of investments

Embu County has secured investment deals totaling to Sh300 billion pledged during the just concluded second investors conference.

Potential areas of investments are in green energy, financial services, putting up a modern cancer centre, mining of copper and value addition industries of macadamia, mangoes, cassava, milk processing,.

Had it not been for the political turmoil that the county has been facing for the past five years, the County would have now been boasting of Sh700 billion worth of investments.

Deputy Governor David Kariuki said political turmoil witnessed during the twin impeachment of County Governor Martin Wambora in 2014 scared investors who had pledged Sh440 billion in the county’s first investor’s conference in 2013.

Speaking during the closing of the conference, Kariuki called for political tolerance to enable the county to benefit from the pledged deals.

He said such multi-billion amount of investments would change the County’s economic landscape, create jobs, and enable the county achieve its transformative agenda and should be supported by all.

He assured the investors political stability and that the county government would facilitate their quick entry to do business in the county adding that they would be able to recover their capital from the investments

This would open up the many opportunities that the county has and will enable us achieve the county’s transformative agenda. Jobs will be created, idle land would be utilized and this will create space for development, he said.

He said given the amount of investment pledged, the county government would provide land to the investors wishing to establish value addition industries since many did not have interest in securing land.

Most of the investors committed to establishing their mega projects in the coming months.

About 300 local and international investors participated in the conference that was skipped by all the County Members of Parliament and a majority of MCAs.

Some investors wanted assurances that the ongoing election petition in the appellate court won’t interfere with their investments.

Source: Kenya News Agency