Investment Sectors

Manufacturing

Kenya's industrial policy aims at growing export-based manufacturing by raising the share of products in the regional market from 7% to 15 % and develop niche products for existing and new markets. Machakos already plays a host to many investors in the manufacturing industry who meet the high demand for locally manufactured goods. Machakos also is strategically positioned to reach out to regional markets and Investors are invited to take advantage of Kenya's membership to two key regional economic blocs the East African Community (EAC) and Common Market for East and Southern Africa (COMESA).

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Agribusiness

Agriculture directly contributes 26% of Kenya's annual GDP and another 25% indirectly. Machakos County through its agricultural incentives hopes to increase the cultivated land mass as well as grow the export-oriented agri-business, horticulture and food processing industries.The county’s agricultural production is dominated by cereals, grain legumes, root crops, cotton and coffee. The limited ability to add value to Agricultural produce creates the opportunity for investors in food processing not only in the county but in Kenya's agribusiness landscape.

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Tourism and Entertainment

Tourism is one of Kenya's leading foreign exchange earner and third largest contributor to the GDP after agriculture and manufacturing. As a country, tourism accounting for close to 10% of Kenya are GDP, and Kenya aims to be among the top ten long-haul tourist destinations in the world offering high end, perse and distinctive visitor experience. Machakos County offers an authentic cultural experience with its natural attraction sites and recreation centers.

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Building and Construction

With an increase in the population and congestion in the neighboring Nairobi County, there is a growing demand for affordable housing. It’s estimated that of the 150,000 units required annually, only an estimate of 35,000 are built. The shortage for low cost housing is particularly acute inurban areas since only an estimated 6,000 units (20%) of the total number of houses built, fall under this category. This brings about investment opportunities in the construction of prefabricated low-cost housing, residential, commercial and industrial buildings.

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Other Investment Sectors

Energy

Energy is a major infrastructural enabler of the other pillars. At national level, wood fuel and other biomass account for 68% of the total primary energy consumption, followed by petroleum at 22% and electricity at 9%. Electricity remains the most popular and its access to the rural areas is estimated at 4 %. Machakos County is open for business when it comes to oil and gas exploration as well as research in renewable energy. Through strategic linkages and partnerships the county has set aside land where investors can set up wind and solar farms.

Read more: Other Investment Sectors

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