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Originally published by Citizen DigitalMarch 26, 2026
2h ago
UAE-based AriseIIP says to invest $3 billion in Kenya in next five years
The money, which would go to three industrial and ​export parks and a textiles firm, could help the East African country's efforts ​to attract foreign investment to create jobs......
✨ Key Highlights
Dubai-based infrastructure developer AriseIIP has announced plans to invest over $3 billion in Kenya over the next five years, aiming to boost job creation and attract foreign investment.
- The substantial investment will be directed towards developing three industrial and export parks and a textiles firm, including two zones on the coast and one in Naivasha.
- Key organizations involved include AriseIIP (a consortium of Afreximbank's private equity arm, Africa Finance Corporation, Saudi Arabia's Vision Invest, and UAE-based Equitane Group), with support from Kenyan lender KCB Group and Afreximbank in establishing an $800 million facility for investors.
- Executive Director Nikhil Gandhi highlighted that the investment aims to attract global companies from over 14 countries, positioning Kenya to benefit from shifting global supply chains, particularly in sectors like textiles and minerals.
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