Eldoret town is making headway to be elevated to city status to become Kenya's 4th city after Nairobi, Mombasa and Kisumu.
While enjoying it's status as a regional business hub for the North Rift and Western region, the town is the gateway that opens up to other East African countries namely South Sudan and Uganda.
The World Bank has ranked Eldoret as the best investor friendly town. It has been ranked the second best performing urban town, coming behind Kenya's capital city Nairobi.
According to the World Bank 2016 report Eldoret had been ranked second as an ideal town to invest in.
After the 2017 General Elections, Investors have pumped in excess of US $ 150 million.
The Institute of Economic Affairs, in a report noted that the City of Champions had displayed it's positive environment for investors.
Prudence in management of finances and quality service delivery was noted.
Potential international markets, availability of raw materials and natural resources for industrialization has attracted investors to set up factories creating an economic hub.
The first private economic zone in the Kenya, the Africa Economic Zone (AEZ) is located a few kilometers from the town.
Partnership between the County Government of Uasin Gishu and Swedish Investors has seen the kick off of a solid waste management project.
The project establishes a solid waste management plant with capacity to generate electricity to be fed into the national grid.
Eldoret is the capital of the western region and plays host to the Moi Teaching and Referral Hospital (MTRH), Eldoret International airport and Moi University among other institutions that attracts investors to the region
Comments
Post a Comment