×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Mvurya gives investors six months to develop land

The CS for Trade and Industries Salim Mvurya (L) joins senior government officers in a tour of the Mai Mahiu Special Economic Zone (SEZ) in Naivasha which has attracted a total of 19 investors. Of the number, eleven companies have already been issued with licenses to start operations. [Antony Gitonga, Standard]

Investors who acquire land in any of the 38 Special Economic Zones (SEZ) across the country will have six months to start developing it, failure to which their licenses will be cancelled.

Issuing the directive, Trade and Industries Cabinet Secretary Salim Mvurya accused some investors of hoarding parts of the allocated land for speculation purposes, locking out other potential companies.

Get Full Access for Ksh99/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Access this article for Ksh5
Already a subscriber? Log in