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Kisii holds investment forums

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Published on Wednesday, 23 November 2011 02:28

An investment authority has began to hold investment forums in Kisii and Nyamira counties to help the inhabitants identify and venture into possible business opportunities to create wealth. In a forum in Nyamira county yesterday, the Kenya Investment Authority (KIA) said that it is high time that the locals get tips on how to carry out positive investment under the devolved government.

Working in collaboration with local professionals, the authority also intends to encourage foreign investors to invest in the region which is well endowed with natural resources. KIA acting Managing Director, Julius Korir said Nyamira and Kisii Counties are well endowed with good climate, fertile soils, cash crops and manpower.

Addressing press at Borabu hotel, Korir observed that the region is ideal to invest because there is huge population that can consume services and goods. “The two counties are well endowed with resources and manpower to thrive so what is required to identify possible opportunities,” Korir said.

He noted if locals embrace value addition on tea, coffee, bananas, pineapples and other crops locally, they will reap more profits than selling the raw materials. The manager said investors should consider establishing fruits factories in the area whose products are cherished across the world.

However, Korir lamented that locals are reluctant to sell land closer to towns for potential investors to build residential, commercial and educational structures. “If you want your counties to develop then as residents you must be ready to sell land that is in potential areas to investors to put up residential, commercial and educational structures,” he said. Nyamira DC, Esther Lokwei challenged participants to consider establishing more hotels, hospitals and other amenities.