Kenya banks on new zones, investor deals to boost exports and jobs

Kenya plans to grow its leather industry from Sh10.3 billion to Sh109.6 billion through new investor packages and the launch of the Bipingo Special Economic Zone...

✨ Key Highlights

Kenya is focusing on new industrial zones and investor deals to significantly boost its export economy and create jobs, particularly targeting the leather industry. This strategic shift aims to transform the nation into an advanced industrial economy within a generation.

Kenya plans to grow its leather industry from $80 million to $850 million.
President William Ruto launched the Bipingo Special Economic Zone in Kilifi County on September 16.
Four investment packages have been completed for sectors including leather, textiles and apparels, e-mobility, and business process outsourcing, with Vision Invest committing $700 million.

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