Sharp Daily
No Result
View All Result
Monday, September 7, 2026
  • 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’s SEZs boost GDP by KES 91 Billion and create 7,000 jobs

Huldah Matara by Huldah Matara
November 28, 2024
in News
Reading Time: 1 min read

Kenya’s Special Economic Zones (SEZs) have emerged as a cornerstone of the country’s economic growth, contributing KES 91 billion to the national GDP and creating over 7,000 direct jobs in the past year, including 3,000 in the last three months alone. These figures highlight the vital role SEZs play in the nation’s economic and industrial strategies.

Speaking at the 9th Annual African Special Economic Zone Organization (AEZO) Meeting at the Kenyatta International Conference Centre (KICC), Dr. Juma Mukhwana, Principal Secretary for the State Department of Industry, emphasized the government’s commitment to maximizing the potential of SEZs. “We are working around the clock to ensure that Special Economic Zones succeed in this country, with the help of the Special Economic Zones Authority. We understand the immense potential these economic zones hold for job creation and their contribution to Kenya’s revenue and GDP,” said Dr. Mukhwana.

The government attributes the success of SEZs to an investor-friendly environment with incentives designed to stimulate growth and development. These zones enable small and medium-sized enterprises (SMEs) to integrate into global value chains, fostering industrialization and trade. SEZs in Kenya are also leading in sustainability, incorporating clean energy initiatives, waste management innovations, and circular economy models to position the country as a leader in sustainable industrialization on the continent.

However, Dr. Mukhwana pointed out challenges, particularly the need for harmonized operations across African SEZs. He also called on African countries to set minimum wage benchmarks to ensure a competitive and fair investment environment. “Kenya has been ahead of many African countries in setting minimum wage standards. While this is an achievement, it sometimes positions Kenya as a more expensive investment destination,” he added.

RELATEDPOSTS

Safaricom forecasts earnings boost as Ethiopian losses shrink

May 14, 2025

Tight fiscal policy is bad for business

May 7, 2025

 

 

 

Previous Post

Treasury moves to amend public finance regulations for sports development

Next Post

Government suspends overseas job recruitment to expedite processing

Huldah Matara

Huldah Matara

Versatile multimedia journalist with a keen interest in compelling stories that resonate with my audience. Reach out on huldahmatara12@gmail.com

Related Posts

News

Understanding what investors are really paying for (Enterprise value vs. Equity value)

September 7, 2026
Analysis

Kenya holds central bank rate at 8.75%

September 4, 2026
News

The Power of Compound Interest in Building Your Retirement Fund

September 4, 2026
News

Election Cycles and Investments in Kenya: Positioning Ahead of 2027

September 4, 2026
News

A Strong Brand Does Not Always Make a Strong Investment

September 4, 2026
News

When Weak Financial Controls Become an Investment Risk

September 4, 2026

LATEST STORIES

KRA

KRA now cross checks your tax returns against eTIMS, customs and withholding data

September 7, 2026

Understanding what investors are really paying for (Enterprise value vs. Equity value)

September 7, 2026

Kenya holds central bank rate at 8.75%

September 4, 2026

How financial institution failures affect the wider economy

September 4, 2026

The Power of Compound Interest in Building Your Retirement Fund

September 4, 2026

Election Cycles and Investments in Kenya: Positioning Ahead of 2027

September 4, 2026

The Fed’s September Dilemma: Inflation, Oil and the Jobs Market

September 4, 2026

A Strong Brand Does Not Always Make a Strong Investment

September 4, 2026
  • 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