Sharp Daily
No Result
View All Result
Saturday, February 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

Safaricom Sets Record Interim Dividend as Data and M-PESA Drive Profit Surge

February 6, 2026
News

NSSF unveils Sh30 billion city centre development targeting live-work urban model

February 6, 2026
News

Ishowspeed Concludes His 28-Day Africa Tour: What It Means For Africa

February 6, 2026
News

Happy staff, thriving business: Why companies are betting on employee wellbeing

February 6, 2026
News

From arrivals to accommodations: Tourism’s impact on Kenyan hospitality

February 6, 2026
Analysis

Pension fund returns moderate in 2025 as falling interest rates weigh on performance

February 5, 2026

LATEST STORIES

Opting Out of NSSF Tier II Contributions

February 6, 2026

Asset Diversification for Retirement Benefits Schemes

February 6, 2026

Kenya’s Rising Defender Sichenje Joins Charlton Athletic, Set to Spark National Pride Through European Ascent

February 6, 2026

Safaricom Sets Record Interim Dividend as Data and M-PESA Drive Profit Surge

February 6, 2026

NSSF unveils Sh30 billion city centre development targeting live-work urban model

February 6, 2026

Ishowspeed Concludes His 28-Day Africa Tour: What It Means For Africa

February 6, 2026

Happy staff, thriving business: Why companies are betting on employee wellbeing

February 6, 2026

From arrivals to accommodations: Tourism’s impact on Kenyan hospitality

February 6, 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