Investment, Trade and Industry CS Moses Kuria has officially designated Two Rivers International Financial Centre as a Special Economic Zone, signifying a pivotal moment in Kenya's economic development and presenting a substantial enhancement to Africa's global investment standing.
The announcement, made through a gazette notice dated July 14, 2023, falls under the authority of the Special Economic Zones Act.
“IN EXERCISE of the powers conferred by section 4 (1) of the Special Economic Zones Act, the Cabinet Secretary for Investments, Trade and Industry declares the land specified in the Schedule hereto to be a Special Economic Zone,” the gazette notice read.
“Part of the parcel of land known as Title Number LR No. 22/365, originally 22/360, measuring approximately 25.089 hectares (64 acres) or thereabouts, situated in Nairobi County.”
CS Kuria expressed his enthusiasm regarding the gazettement of Two Rivers International Financial Centre as a Special Economic Zone, emphasizing its tremendous impact on Kenya's economic landscape and the notable advancement it signifies for Africa's global investment profile.
Read More
"The gazettement of Two Rivers International Financial Center as a Special Economic Zone marks a giant milestone in the development of Kenya's Economic Landscape and a major boost for Africa's global investment profile," stated Kuria, underscoring the significance of this momentous declaration.
The establishment of Two Rivers International Financial Centre as a Special Economic Zone promises manifold benefits for Kenya's economy.
The Special Economic Zone status will attract foreign direct investment, foster trade, and encourage the establishment of diverse industries within the designated area.