Eight North Rift counties eye Sh100 billion from investors

By: MATHEWS NDANYI

The eight counties in the North Rift are looking to attract investments worth Sh100 billion to help create new jobs and grow their economies.

They want to attract investors in agriculture, energy, tourism and education in the next three years.

This came up during the first North Rift Investments forum held at Eldoret Sports Club this week.

Tourism Cabinet Secretary Phillis Kandie said the national government will help the counties to unlock the investment potential.

“We are in the process of formulating a new policy to help improve our trade environment and enable us attract more investors,” she said.

Kandie was speaking during the official opening of the forum on xxxxxxxx.

The event is being hosted jointly by the eight counties.

They are Uasin Gishu, Nandi, Trans Nzoia, Elgeyo Marakwet, West Pokot, Turkana, Baringo and Samburu

Kandie said the government is targeting to improve its rating internationally on the ease of doing business to attract more than investors, especially to the counties.

She said the country is targeting to be rated among the top 100 best nations from its current position of 108.

Kandie urged counties to make laws and put in place measures that will support local and international investors.

Kandie said that through regional blocs, the counties will be able to market their produce and maximise on benefits from joint investments.

The North Rift bloc brings together more than 10 million people.

Present during the event were the Senate Speaker Ekwe Ethuru, governors Jackson Mandago (Uasin Gishu), Patrick Khaemba (Trans Nzoia), Alex Tolgos (Elgeyo Marakwet), Cleophas Lagat (Nandi) and Benjamin Cheboi of Baringo.

Also present was Kiprono Kittony, the chairman of the Kenya National Chamber of Commerce and Industry Ethuro said the counties should not only focus on foreign investments but tap local ones who understand the country.

Mandago is interim chairman of the Norh Rift Eocomic Bloc.

He said the counties will avoid duplication of projects and pull together resources to invest in major projects.