Uasin Gishu County continues to attract investors, with partners from Israel being the latest to show interest in putting their money in Eldoret.

Share news tips with us here at Hivisasa

Eldoret, the fastest growing town in Kenya currently, is arguably the best investment destination, with multi-billion investment projects continuing to stream in.

The Israeli Government through its Credit Line Program has an allocation to fund setting up of an Investment Acceleration Project within Eldoret town's proximity.

The coming in of the project follows after Governor Mandago held a meeting with Israeli High Commissioner to Kenya, in Nairobi, about a month ago.

This is beside the multi-billion Africa Economic Zones Pearl River Project in Plateau, Kesses Sub-County, being set up by Chinese investors.

The project is largely funded by the Government of Israel, for "the Israeli exporters", meaning most of the investors will be from Israel.

Ian Maris, an official from Via Maris who visited the Governor to sell the investment idea to the county.

The project will be setting up an industrial park where companies can acquire space to put their manufacturing and processing companies.

The county government is to source for land where the project will sit. 

Governor Mandago said, " We will set aside the land and delegate an official who will be working closely with you."

The project by Via Maris will need about 15-20 hectares to set up the investment which targets Small Medium Enterprise (SMEs).

The project, still in young stages, has a proposed cost of $15.6 million, that is estimated to be Sh1.58 billion.

It has to, however, be proximal to an existing industrial area, that is a town.

The county says it will start discussing with the treasury even as Via Maris and Israeli Government are to give out terms of the partnership.

To be the first to get updates on breaking and trending news in Kenya, send your Whatsapp number to 0740949990.