The Association of Special Economic Zones (ASEZ) has been officially launched, tasked with propelling the future of Special Economic Zones (SEZs) in Kenya and attracting local and foreign investment. This launch is a significant milestone for Kenya’s industrial sector, aiming to enhance economic growth, generate jobs, and position Kenya as a prime destination for global investors.
ASEZ unites SEZ developers, operators, investors, and service providers, establishing a cohesive voice to advocate for improved policies, streamlined regulations, and better infrastructure.
Abubakar Hassan Abubakar, Principal Secretary of the State Department for Investment Promotion, remarked that the launch of ASEZ is not only a milestone for the association but represents a major advancement for Kenya. He emphasized that SEZs are a vital component of the government’s economic agenda and are seen as key players in Kenya’s journey toward becoming a globally competitive investment hub.
“President Ruto’s vision for this nation is deeply rooted in industrialization, job creation, and economic growth. We are dedicated to ensuring that SEZs receive the full support of the government,” Hassan stated during the launch event, which was attended by industry stakeholders from various sectors.
He underscored the association’s crucial role in shaping the future of SEZs in Kenya. David Langat, Chairman of ASEZ, affirmed that the manufacturing sector is the backbone of Kenya’s industrial growth, creating a ripple effect across the economy by facilitating job creation for the youth and positioning Kenya as a regional powerhouse. He added that the new formation aims to strengthen the sector and build its capacity to deliver long-term, sustainable growth.
