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Investment by South African companies has topped KES 10 billion at Tatu City.
The 5,000-acre Special Economic Zone – located 30 minutes from central Nairobi – represents one of the largest concentrations of South African foreign direct investment in Kenya and East Africa.
South Africa’s High Commissioner to Kenya, Mninwa Johannes Mahlangu, toured investments by leading South African companies at Tatu City on Tuesday.
His stops included Crawford International school, a 20-acre, multi-billion-shilling investment by ADvTECH, the Johannesburg Stock Exchange-listed education group; Kenya Wine Agencies Ltd (KWAL), which is majority owned by South African beverage conglomerate Distell; and Cold Solutions, an investment by ARCH Emerging Markets Partners, which is backed by South African businessman Patrice Motsepe.
“I am delighted to witness these transformational investments South African businesses are making in Kenya,” High Commissioner Mahlangu said at a ceremony to mark the naming of Crawford Road, which leads to Crawford International School in Tatu City. “
The South African and Kenyan governments are committed to strong bilateral trade and investment, and our private sector businesses are natural partners to grow capital flows and knowledge exchange.”