Launches the Busia industrial park
11 Aug 2023
On 11 August 2023, Kenya launched the Busia County Aggregated Industrial Park - the country’s first County Aggregated Industrial Park (CAIP). The Park is intended to serve as a hub for agricultural processing and manufacturing, providing a vital link between farmers, industries and the market. Its primary focus is on edible oils, energy, transport and logistics, storage, cold rooms and warehousing facilities.
This three-phased project is expected to reduce Kenya’s dependence on imported edible oils. This first phase aims to create about 5,000 direct jobs. The second phase will focus on the establishment of an Export Processing Zone (EPZ). The CAIP in Busia will also provide a platform for renewable energy initiatives aimed at reducing carbon emissions.
The project is part of the multi-billion debt free equity investment funds already approved by the Pan African financial institution (AFREXIM Bank). The CAIP is part of a plan by the national government to establish an Industrial Park in every county.
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Type:
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Promotion and facilitation (Special economic zones)
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Industry:
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Primary (Agriculture, forestry and fishing)
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Manufacturing (Manufacture of food products, beverages and tobacco products)
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Sources:
