By The Mountain Journal
Laikipia county government in its final touches to prepare a relocation of the headquarters to Rumuruti an investment forum is planned to help the local exploit the untapped opportunities.
This week, the government has organized a platform to market Rumuruti where the county government under the command of Governor Ndiritu Muriithi and his deputy have been working on the relocation strategy.
The idea to relocate the headquarters to decongest Nanyuki perceived to be lying near the border with Nyeri county is aimed at attracting more investors to the western part of Laikipia county.
According to county Economic Advisor Githuku Mwangi, the Investment Forum will take place on February 26, 2021, where the locals will be taken through the exciting growth opportunities for engineering, agro-processing firms, hospitality, and real estate sector.
Real Estate firms are trooping to Laikipia eying to buy land to be developed to attract investors in areas near Rumuruti town.
Githuku said the forum will provide a marketing platform for firms manufacturing inputs, farm machinery, irrigation kits, and accessories and processing equipment.
In addition, it will enlighten farmers and business people on the business case for setting up manufacturing plants in Laikipia.
The main objective of the forum is to promote the manufacturing of irrigation kits and accessories, farm equipment, and value addition of high-value produce in Rumuruti town.
“ It will generate partnerships to accelerate attainment of the Government’s goal to irrigate 50,000 acres and add value to at least 50% of the produce within Laikipia,” said the advisor.
The strategy by the county government targets to grow its economy fourfold - from the current Sh100 billion to Sh400 billion by prioritizing manufacturing, commercial agriculture, tourism, and mining as the key investment sectors.
At this forum, the Government will present projects under the ‘Water for Production’ initiative that offers partnerships to the private sector to buy and process the produce under a structured scheme.
Mowarak The anchor partners are Nyahururu water company and Nanyuki water company ( Nawasco) that will manage water and irrigation infrastructure and collect the tariffs from farmers to pay off the investment and maintain the irrigation system and water pans through regular desilting.
Availability of more than 2,000-acres of land in Rumuruti Municipality for a serviced Special Economic Zone (SEZ) and reliable energy source are important motivations to the investors.
Laikipia North TTI at Mouwarak presents engineering firms with another opportunity to access the latest models of lathe machines to fashion out components, accessories, tools, and machine parts fast and in large quantities.
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