[kictanet] Kenya to help local investors raise funds to settle at Konza

[Mwendwa Kivuva]

http://mobile.nation.co.ke/business/Govt-to-help-locals-invest-at-Konza-City/-/1950106/2905030/-/format/xhtml/-/3v0nkfz/-/index.html

Investors interested in setting up at the Konza City have been asked to
submit bids for development of 24 parcels of land, as government pledges
support for locals.

Speaking at the Konza investor briefing, ICT Cabinet Secretary Fred
Matiang’i said interested local investors who face financial shortfalls
would get government support.

“Together with the National Treasury, I am working on a Public Private
Partnership framework that will see government source for funds to support
local investors,” said Dr Matiang’i.

The Konza Technopolis Development Authority (KoTDA) will rely on Kenya
Private Sector Alliance (KEPSA) to attract investors who will construct
commercial, residential, educational and public amenities within the
demarcated land.

*DEVELOPMENT REQUIREMENTS*

Land will be leased out to investors for a period of 99 years. Interested
companies are expected to have strong financial muscle, a well-defined
construction plan with timelines to start development by April 2016 and
complete it by end of the year.
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