NEWS
WEEKEND EDITION, JUNE 26-28, 2015
WORD FROM THE GOVERNOR H.E. PETER MUNYA, CHAIRMAN COUNCIL OF GOVERNORS
THE MERU INTERNATIONAL INVESTMENT CONFERENCE 2015
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UNLIMITED INVESTMENT OPPORTUNITIES IN MERU
t gives me great pleasure to welcome you all the Meru County Investment Conference 2015. We are humbled by your friendship and excited at the prospects of the commercial and business discussions we will be having. Karibuni Sana. I also wish to recognize and thank the many partners and sponsors that have worked with us as we prepared and organized this investment conference. Your counsel, encouragement and material support was invaluable in making this conference a success. STRATEGIC LOCATION Meru County has important strategic and locational economies that potentially make it the future business hub for Kenya. We are located at the centre of Kenya and within the Lamu - South Sudan Transport Corridor (LAPSSET) that is under construction. This project will indeed transform the economic architecture of the Country moving forward and Meru County sits right at the centre. Meru County
is also in close proximity to other economically influential Vision 2030 infrastructure projects that are at various stages of implementation by the National Government. These projects include the Isiolo International Airport that is nearing completion, Meru-Isiolo-Moyale Road, the Isiolo Resort City, the planned inland oil refinery and petrol chemical plant. These infrastructure projects will significantly transform and commercialize all the economic sectors in Meru County. THE JOURNEY The journey towards this investment conference started two years ago when in 2013 we convened the Meru Rising Conference. The Meru Rising Conference was borne out of the need by the Meru Professionals Community and Friends of Meru to meet and chart the development destiny of Meru County. The conference generated a development road map for the County that was articulated in the report of the conference proceedings and finally the County Integrated Development Plan. The Meru Rising Conference
was followed by a stakeholders’ forum dubbed the Safari Park Meeting that established sector working groups to drill down further on the development agenda for the County and define specific projects for implementation. This conference is therefore the culmination of this elaborate process where specific projects have now been packaged in readiness for development by the private sector. PREPAREDNESS FOR INVESTMENTS We have invested heavily in improving infrastructure such as water, road network and public works services in the County. I commissioned the 10KM KianjaiMiathene-Mikinduri road that has been developed using the cost effective probase technology at a cost of Ksh.300Million that go a long way to demonstrate our resolve and commitment to improving investment climate in the County. My Government also completed the Meru County Resource Map that will guide investors on the natural
and other resource endowments in the County. In an effort to further improve the investor experience in Meru, My Government has established the Meru County Investment and Development Corporation to specifically promote investments in Meru County. The Corporation is set up vide the Meru County Investment and Development Corporation Act, 2014 with a statutory mandate to package investment opportunities in the county, profile those opportunities to investors and invest in commercial ventures on behalf of the County Government. The Corporation will be your partner and facilitator as you establish your investments in Meru County. The law establishing the Corporation is deliberately designed to give comfort to the private sector in Meru by underwriting political risks and providing certainty to commercial establishments in Meru. A key mandate of the Corporation is also to advise and lobby the County Government on the policy and
legislative frameworks that advance the space of the private sector in Meru County. These interventions by my Government go a long way in profiling Meru as serious contender for investment capital moving forward. As a direct result of these interventions, Meru County has already attracted big companies that have pitched their investments in Meru County. The energy sector has in particular been attractive to the private investors, with the Kenya Electricity generating Company (KenGen) planning to develop an 400 Mega Watt wind firm, while another private developer- BlueSea Energy- is in the process of developing another 40 Mega Watt of wind power generation in Buuri sub-county. Meru County is also endowed with significant investment opportunities in exploitation of small hydropower and solar power resources that will be presented in the course of this Conference.
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