Investors invited to develop initial phase of Konza City

November 13, 2015
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KoTDA Chief Executive John Tanui says eligible investors are required to demonstrate financial and technical capability and show experience in having undertaken similar projects in their fields of expertise/FILE
KoTDA Chief Executive John Tanui says eligible investors are required to demonstrate financial and technical capability and show experience in having undertaken similar projects in their fields of expertise/FILE
NAIROBI, Kenya, Nov 13 – The Konza Technopolis Development Authority (KoTDA) has invited investors to take up space in the first phase of the Konza Techno City.

The initial development has been sub-divided into various parcels of land where winning firms will be given a lease to build approved structures as per the Konza city master plan.

The facilities to be put up include schools, office blocks, residential housing, shopping malls, as well as recreational facilities.

KoTDA Chief Executive John Tanui says eligible investors are required to demonstrate financial and technical capability and show experience in having undertaken similar projects in their fields of expertise.

“The expression of interest will close on January 30, 2016, after which the evaluation will be undertaken,” Tanui added.

The selected private investors will be required to commence development works in April 2016.

The authority will develop its headquarters in one of the parcels, with the ground breaking for KoTDA office scheduled for February 2016.

“We are looking forward to working with the investors to realize the Silicon Savannah dream that will position Kenya as a global centre for innovation and Africa’s technology hub,” noted Tanui.

The rough grading of the roads to Phase 1A is complete.

The site is already connected to piped water from seven bore holes drilled on location. In addition, KoTDA is sourcing for bulk water supply from Nol-Turesh Water Supply Company.

The authority has also embarked on discussions with the Kenya Energy Transmission Company (KETRACO) to put up a power sub-station at Konza City, which will ensure that the techno city has steady power supply.

KoTDA has already allocated land for the establishment of an anchor University, the Kenya Advanced Institute of Science and Technology (KAIST) to propel implementation of Phase 1.

Investors are also invited to make their proposal on any other investment of their choice that focuses on science, technology, engineering and innovation.

Konza Techno City (KTC) is a national flagship Vision 2030 project poised KTC’s main objective is to be a techno-city that will attract investors, and create over 20,000 jobs at the end of Phase 1 in 2020 in addition to attracting over 200,000 residents in the City by 2030.

The City is designed to be Africa’s Silicon Savannah, contributing $1 billion (approximately 2 percent) to the country’s Gross Domestic Product (GDP) once Phase 1 is operational.

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