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Home » Real Estate » CS Kinyanjui Hails Tatu City as Model SEZ During Investment Promotion Visit

CS Kinyanjui Hails Tatu City as Model SEZ During Investment Promotion Visit

by Queen Amber
1 year ago
in Real Estate
Reading Time: 2 mins read
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(L-R) Stephen Jennings, Founder and CEO of Rendeavour, owner and developer of Tatu City, and Hon. Lee Kinyanjui, Cabinet Secretary for Investments, Trade, and Industry at FullCare Medical SEZ facility in Tatu City.

(L-R) Stephen Jennings, Founder and CEO of Rendeavour, owner and developer of Tatu City, and Hon. Lee Kinyanjui, Cabinet Secretary for Investments, Trade, and Industry at FullCare Medical SEZ facility in Tatu City.

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Cabinet Secretary for Investments, Trade, and Industry, Hon. Lee Kinyanjui, has lauded Tatu City as the country’s leading example of a Special Economic Zone (SEZ) during a high-level visit aimed at advancing Kenya’s investment agenda.

Speaking during the tour of the 5,000-acre mixed-use development on Nairobi’s outskirts, Hon. Kinyanjui underscored the government’s commitment to making policy reforms that attract and sustain foreign direct investment (FDI).

“Kenya is increasingly becoming an investment destination for international companies. SEZs like Tatu City offer a perfect plug-and-play opportunity,” he said, adding that the country offers a stable business environment with incentives competitive with developed African markets.

The Cabinet Secretary visited Tatu Industrial Park, home to over 100 businesses, and toured Tatu Central and Kijani Ridge, the city’s business, lifestyle, and residential zones.

He commended Tatu City’s integrated design, stating, “We support Tatu City’s mixed-use approach. The way many cities have been built creates chronic transport and congestion challenges. Moving forward, the goal is to create integrated cities where people can enjoy a wholesome, sustainable living and working experience.”

Stephen Jennings, Founder and CEO of Rendeavour, the developer behind Tatu City, welcomed the engagement, saying it marked a positive step towards refining policies to make Kenya more attractive to investors.

“Tatu City exemplifies what collaboration between government and the private sector can achieve. Africa’s growth trajectory is prompting global interest, and Kenya is well-positioned to lead if it fosters the right investment ecosystem,” said Jennings.

Hon. Kinyanjui was accompanied by top officials from the Kenya Investment Authority and the Special Economic Zones Authority. Tatu City hosts major firms such as Heineken, Dormans, Naivas, NCBA, CCI Global, and Emirates Logistics, and draws over 25,000 residents, workers, and students daily.

Businesses operating within Tatu City SEZ enjoy a range of tax incentives, including a reduced corporate tax rate and exemptions on VAT, import duty, and stamp duty.

Tags: CS Lee KinyanjuiTatu CityTrade
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