Embu secures Sh321 billion worth of investments






Embu County has secured deals totalling to Sh321 billion worth of investments that were pledged during the just concluded second investors conference.
Most of the areas of investments will be in green energy, value addition industries, financial services, mining and, manufacturing.
About 300 local and international investors participated in the conference.
Deputy Governor David Kariuki said the investors had committed to establishing their mega projects in the coming months and that that the county government would support them touch base quickly.
“This would open up the many opportunities that the county has and will enable us achieve the county’s transformative agenda. Jobs will be created, idle land would be utilized and this will create space for development,” he said.
Speaking during the closing of the conference, Kariuki called for political tolerance to enable the county to benefit from the pledged deals.
He said if it were not for the political turmoil that the county has been facing for the past five years, the County would have bagged about Sh700billion worth of investments.
Kariuki said political turmoil witnessed during the twin impeachment of County Governor Martin Wambora in 2014 scared investors who had pledged Sh440billion in the county’s first investor’s conference.
Speaking during the opening ceremony, Wambora said the county will provide land, necessary incentives and support to the investors wishing to establish value addition industries.
 “Investors in various sectors ranging from mining, green energy and waste management, agri-business, hospitality, housing and infrastructure, medicine, ICT, International schools and talents in collaboration with football academies in Europe are all here to showcase their prowess in business experience and investment,” he said.
 “I also appreciate local investors for their creativity, goodwill and trust they have vested in us, we shall too empower and nurture to the next level,” he said in a briefing on Friday.
He said investors in the macadamia and coffee industry had already set factories in Embu resulting into creation of jobs.
County Members of Parliament and a majority of MCAs skipped the conference, even though some sent their apologies.
Ends.../

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