The Two Rivers International Finance and Innovation Centre (Trific) Special Economic Zone (SEZ), a subsidiary of Centum Investment Company, has secured a substantial investment of KES 6.0 billion from Vantage Capital, a leading pan-African investor. This funding will be directed towards acquiring and developing office space within the strategically located SEZ in Nairobi’s Gigiri area.
The investment plan includes acquiring the existing Trific North Tower, which encompasses 14,975 square meters, and constructing a new office tower that will provide an additional 76,800 square meters of leasable space for SEZ enterprises. This expansion is aimed at establishing a world-class business environment characterized by advanced technology, robust regulations, and access to the wider Two Rivers ecosystem, which is well-known for its residential areas, dining options, retail stores, and entertainment venues.
The integrated approach is designed to give businesses a competitive edge and attract foreign direct investment, according to statements from both firms. Trific SEZ has already secured bookings for the Trific North Tower from 14 SEZ enterprises and has a pipeline of additional companies looking to join the zone.
These companies span various sectors including business process outsourcing (BPOs), shared service centers, regional headquarters, and investment holding corporations. They are expected to create approximately 10,000 jobs and generate USD 65.0 million in foreign direct investment.
Furthermore, the annual exports of services from these enterprises are projected to reach USD 390.0 million, highlighting the SEZ’s significant economic impact. As Trific SEZ continues to develop, it stands as a beacon for economic growth and investment in Nairobi, further solidifying the city’s status as a key business hub in Africa. The significance of this investment cannot be overstated.
The KES 6.0 billion injection from Vantage Capital represents not only a financial boost but also a strong vote of confidence in Kenya’s economic potential and the strategic vision of Trific SEZ. By developing advanced office spaces and fostering a conducive business environment, the SEZ aims to attract high-caliber enterprises that will drive innovation, enhance productivity, and create high-quality jobs. This aligns with Kenya’s broader economic goals of industrialization and modernization, positioning the country as a competitive player in the global market.
Moreover, the project is expected to have a ripple effect on the local economy. The creation of 10,000 jobs will stimulate economic activity and improve livelihoods in the surrounding communities. Increased foreign direct investment and export revenues will contribute to a stronger, more resilient economy. The presence of top-tier enterprises within the SEZ will also encourage the development of local supply chains, foster skill development, and promote knowledge transfer, thereby uplifting the entire region. This strategic development underlines the critical role of targeted investments in driving sustainable economic growth and development.
