DP, Tatu City leaders explore investment growth, coffee sector reforms
NAIROBI, Kenya, Aug 12 — Deputy President Kithure Kindiki has met senior leadership from Tatu City to discuss boosting Kenya’s investment climate Kenya breaking news | Kenya news today |..
✨ Key Highlights
During a meeting in Nairobi, Deputy President Kithure Kindiki met with leadership from Tatu City, including CEO and founder Stephen Jennings of Rendeavour, to discuss boosting Kenya’s investment climate through mixed-use Special Economic Zones (SEZs) and reforming the coffee sector for global expansion.
- Tatu City, a major coffee producer and Kenya’s biggest miller, pledged partnership with the government to enhance value addition and export competitiveness for Kenyan coffee, with Jennings stating the brand has "unmatched potential."
- The meeting included key officials such as Investment PS Abubakar Hassan Abubakar and Special Economic Zones Authority CEO Dr. Kenneth Chelule.
- Tatu City, located on Nairobi’s outskirts, hosts over 100 companies and has attracted over Sh400 billion in investments, offering SEZ incentives like a 10 percent corporate tax rate for the first decade.
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Several companies are undertaking new initiatives in Kenya. Low-cost retailer Jaza is embarking on a significant expansion and is actively seeking new store locations across the country. In the financial services sector, Old Mutual has launched Lady Anchor, a proposition designed to address the gender gap by bundling insurance solutions with financial education for Kenyan women. Meanwhile, Deputy President Kithure Kindiki met with Tatu City leadership, including Rendeavour CEO Stephen Jennings, to discuss boosting Kenya’s investment climate via Special Economic Zones and reforming the coffee sector.
