Konza in fresh bid to woo investors

The Konza Technopolis Development Authority is wooing investors with a fresh call for joint ventures aimed at driving the economy and innovation.

The areas of focus include commercialization of research and development of new solutions and enterprises in various fields such as startups, Virtual Science and Technology Park, Internet of Things and the Big Four Plan.

Marred with skepticism of viability since inception in 2008, the only clear progress at Konza City is the Ksh1.2 billion Konza Hub which towers surroundings of the 5,000 acre piece of land.

With the total project cost pegged at more than half a trillion shillings, the government has since invested Ksh 73 billion on core horizontal infrastructure such as roads, water and sewerage, power supply and broadband.

ICT Cabinet Secretary Joe Mucheru is now calling for fresh strategic partnerships with the private sector who will work with the Konza Technopolis Development Authority to fast track development of the project.

This has been classified into five categories which give opportunities to the investors as per their partnership proposal.

The authority will collaborate with investors to develop programs that will automate the agriculture sector from subsistence farming, develop innovative, sustainable and affordable building solutions and materials, commercialize research findings in healthcare and manufacturing, develop a virtual science and technology park, leverage on big data for innovation purposes and utilize digital devices issued to schools through internet of things, an innovation forum for academia, industry, government, community and civil societies and a startup acceleration programme.

The authority also seeks to have incentives for the special economic zone to shore up the level of investments.

To date, only six investors have committed to set up base at the future tech city.

They include Nova Pioneer Group of schools, Craft Silicon, National Construction Authority, Korean Advanced Institute of Science and Technology, Makueni AKA and KETRACO.

Upgrading of horizontal infrastructure phase 1, government cloud infrastructure and establishment of Kenya’s first research and Innovation University are similarly underway.

  

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