Sharp Daily
No Result
View All Result
Saturday, July 19, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenya, Korea hail successful conclusion of Konza partnership phase

Clerkson Aroni by Clerkson Aroni
September 21, 2023
in News
Reading Time: 2 mins read

Konza Technopolis and the Korea Trade Investment Promotion Agency (KOTRA) held a closing seminar on Thursday for their Economic Innovation Partnership Program (EIPP) for the 2022/23 financial year.

The partnership between the Kenyan technology hub and the South Korean trade agency has focused on driving joint initiatives and knowledge sharing for mutual development.

Speaking during the final reporting session in Nairobi, KOTRA managing director Hyun Eon praised the strong bilateral ties that Kenya and Korea continue to enjoy. He went on to say that he was satisfied with the significant success of the EIPP projects.

“Our intention is to deepen our cooperation through promoting of Public-Private Partnerships so that the Korean business communities can also get involved during the development of Konza Technopolis, he said.

RELATEDPOSTS

Why firms are shedding jobs despite survival

June 19, 2025

Opinion: Austerity wrong medicine for Kenya’s economy.

June 16, 2025

Read more: Senators approve motion to control e-cigarette use in Kenya

The first phase of the EIPP projects established critical foundations for the development of Konza Technopolis. Key initiatives included formulating a Smart City Master Plan, conducting a feasibility study for an integrated control center with a focus on security operations, and establishing an Intelligent Transportation System.

According to Konza CEO John Okwiri, local startups and investors will now have opportunities to participate in the technopolis development plan. He added that the newly planned Smart Transportation Corridor connecting Nairobi and Konza City will improve connectivity and boost trade between Nairobi and surrounding regions.

The EIPP is a three-year grant program from the Korean government aimed at fostering mutually beneficial relationships between partner countries. The 2022-2023 Kenya-Korea EIPP was jointly executed by the Korea Trade-Investment Promotion Agency and the Konza Technopolis Development Authority.

Read more: KRA deploys 1,400 trained tax enforcers to the streets in revenue crackdown

The investment has been divided into three categories that is the construction sector, basic equipment and management and monetary systems.

The Kenyan government has also proposed a KES 5.7 billion for the construction of the Kenya Advanced Institute of Science and Technologies at the Konza Technopolis.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

How to check if your passport is ready for collection

Next Post

CMA approves first Islamic bond to finance housing developments

Clerkson Aroni

Clerkson Aroni

Clerkson is a passionate writer and video creator who is fascinated by football, lifestyle, history, and sharing new discoveries. When he's not researching and writing compelling stories, he's behind the camera capturing informative videos for his audience. He welcomes story ideas and feedback from readers at cmotari@thesharpdaily.com

Related Posts

Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025

LATEST STORIES

Invest in stability: introducing the Cytonn USD money market fund

July 18, 2025

The Importance of Asset Diversification on Kenyan Pension Funds

July 18, 2025

Park your money where it grows: Why more Kenyans are turning to Cytonn Money Market Fund

July 16, 2025

Strategies to boost alcohol and tobacco tax revenues

July 16, 2025

Kenya’s reactive monetary policy

July 16, 2025

Why Employers Should Prioritize Pensions Over One-Time Gratuity Payments

July 10, 2025
Business and Finance Concept - Coin, Currency, Financial Item, Graph,

Opinion: Why lower taxes may be Kenya’s only escape route

July 10, 2025

Nvidia becomes the first company globally to hit USD 4.0 trillion market value

July 10, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024