InvestNarok summit clinches Sh53bn investments

December 10, 2015
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Speaking to Capital FM Business, Narok Governor Samuel Tunai said the deals will create over 4,700 jobs in the county, with the first project breaking ground in the first quarter of 2016/FILE
Speaking to Capital FM Business, Narok Governor Samuel Tunai said the deals will create over 4,700 jobs in the county, with the first project breaking ground in the first quarter of 2016/FILE
NAIROBI, Kenya, Dec 10 – Narok County signed investment deals worth Sh53 billion during the county’s first ever Investment Conference that was held last weekend.

Speaking to Capital FM Business, Narok Governor Samuel Tunai said the deals will create over 4,700 jobs in the county, with the first project breaking ground in the first quarter of 2016.

Tunai revealed that other deals worth Sh130 billion are still in deliberations and are yet to be signed.

“After the summit my office has been busy getting on board more investors who did not make it to the event and wanted to invest, the summit was such a success,” he stated.

Among the projects signed for include wheat and milk processing plants, a 300-bed capacity private hospital, a training college for health students, pharmaceutical manufacturing plant, and solar projects among others.

He said the county is now working on processing land licenses and guiding investors to follow the due process of investing in the country since most of them are foreign.

“According to statistics Narok County generates about 1.1 percent to the Gross Domestic Product (GDP); these kind of investments will get the county generating about 10 percent to the GDP, this will transform the economy of the county and enrich its people,” he added.

Narok County showcased over 50 bankable projects last weekend during the summit dubbed investNarok.

Among sectors the summit focused on include energy, transport infrastructure and education.

“Narok County is a sleeping giant; its proximity to Nairobi makes it very attractive for investments, we are keen to sign many deals,” he said.

Narok County is situated in Kenya along the Great Rift Valley. It is named after, Enkare Narok, the river flowing through Narok town. It covers an area of 17,944 sq km and has a population of 850,920.

The temperature range is 12 to 28 degrees celcius and the average rainfall range of 500 to 1,800 mm per annum.

The Maasai Mara National Park, an important tourist destination, is located in Narok County. It is home to the Great Wildebeest Migration which is dubbed one of the “Seven New Wonders of the World”.

The county consists of six sub-counties namely: Kilgoris, Narok North, Narok South, Narok East, Narok West and Emurua Dikirr.

Narok town is the headquarters of the Narok County and stands as the major centre of commerce in the county.

According to the United Nations study for the Kenya Vision 2030, Narok County is marked as one of the fundamental counties for achieving the economic pillar.

Key contributions are in the tourism sector through the Maasai Mara and the agricultural sector through livestock farming.

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