Afreximbank Signs Loan Agreement to Develop Major Industrial Parks in Kenya.

The projects include the Dongo Kundu Integrated Industrial Park and the Naivasha Special Economic Zone (SEZ) II (Naivasha II), which are expected to bolster Kenya’s industrial capacity and enhance its export potential.

The industrial parks will be developed by Arise Integrated Industrial Platforms (Arise IIP), an affiliate company of Afreximbank. The projects aim to create a conducive environment for export-oriented industries by leveraging economies of scale, shared infrastructure, and enhanced access to global markets.

The Dongo Kundu Integrated Industrial Park, strategically located near the Port of Mombasa, is set to become a hub for manufacturing and processing industries, particularly those focused on exports. The park is part of the broader Dongo Kundu Special Economic Zone, which is poised to transform the coastal region into a logistics and industrial hub, reducing dependence on the port alone.

Source: FURTHERAFRICA