NAIROBI, Kenya, Nov 30 – Narok County is set to showcase over 50 bankable projects this weekend during the County’s investment summit dubbed investNarok.
Samuel Ole Tunai said among the mega projects include a 300-bed private hospital, a pharmaceutical manufacturing plant, milk and meat processing plants, contract farming, and potato processing among others.
Other sectors the summit is focusing on include energy, transport infrastructure and education with Tunai urging investors to set up private schools and universities in Narok County.
Tunai told Capital FM Business that already several investors have shown keen interest and have gone to the county checking out the projects before the summit that will be held between December 3 and 4.
“Narok County is a sleeping giant; its proximity to Nairobi makes it very attractive for investments, negotiations are already at an advanced stage…we are keen to sign many deals this weekend,” he said.
He called on the youth to take this opportunity and come together and undertake the projects as there are opportunities for everyone.
“With year round rivers with steady and viable flows, Narok county has capacity for multiple hydro power projects with feed-in-tariffs for hydro power being 0.0825(US$/kwh). The County is also ideal for solar power project with scaled annual average radiations of 6.104(kwh/m^2/d) feed- in- tariff for solar is 0.12(US$/kwh),” Tunai explained.
In Education, the county wants investors to put up an international boarding school, citing that it’s an ideal location for setting up a premium residential international school.
Total pupils enrolled in public primary school are approximately 232,000 while total pupils enrolled in public secondary school are approximately 26,000.
“Low transition rates from primary to secondary establish a business case for setting up additional secondary schools,” he said.
The county is also seeking investors in the hospitality industry to set up hotels and camping sites.
Tourist hotel transfer services is another opportunity for entrepreneurs to invest in tour vans and cabs. Others include golf courses, holiday homes, a five star hotel with MICE facility and Luxury Hotel at Mau Forest.
“We have already set up a Narok Investment Board that will facilitate the Investors especially in getting access to land and ease of doing business,” Tunai concluded.