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HOBIIC 2016 Report.pdf

28 Mar 2023
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
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HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
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HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
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HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
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HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
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HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
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HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
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HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
HOBIIC 2016 Report.pdf
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HOBIIC 2016 Report.pdf
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HOBIIC 2016 Report.pdf

  1. Homa Bay International Investment Conference (HOBIIC, 2016) POST CONFERENCE REPORT OF INVESTMENT CONFERENCE HELD ON 18 – 19 FEBRUARY 2016 COUNTY GOVERNMENT OF HOMA BAY CONFERENCE REPORT United Nations Human Settlements Programme P.O.Box 30030, Nairobi 00100, Kenya; Tel: +254-20-7623120; Fax: +254-20-76234266/7 (central office) Infohabitat@unhabitat.org www.unhabitat.org www.unhabitat.org
  2. Homa Bay International Investment Conference (HOBIIC, 2016) POST CONFERENCE REPORT OF INVESTMENT CONFERENCE HELD ON 18 – 19 FEBRUARY 2016 CONFERENCE REPORT COUNTY GOVERNMENT OF HOMA BAY
  3. ii HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 First published in Nairobi in April 2016 by UN-Habitat. Copyright © United Nations Human Settlements Programme 2016 Produced by the Housing Unit United Nations Human Settlements Programme (UN-Habitat) P. O. Box 30030, 00100 Nairobi GPO KENYA Tel: 254-020-7623120 (Central Office) www.unhabitat.org DISCLAIMER The designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers of boundaries. Views expressed in this publication do not necessarily reflect those of the United Nations Human Settlements Programme, the United Nations, or its Member States. Excerpts may be reproduced without authorization, on condition that the source is indicated. Homa Bay International Investment Conference (HOBIIC, 2016) POST CONFERENCE REPORT OF INVESTMENT CONFERENCE HELD ON 18 – 19 FEBRUARY 2016 CONFERENCE REPORT
  4. iii HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 Acknowledgements...............................................................................................................................................iv Glossary.................................................................................................................................................................v Executive Summary...............................................................................................................................................vi Overview of HOBIIC....................................................................................................................................................................vi Conference Objectives.................................................................................................................................................................vi Women in Business................................................................................................................................................2 Overview of Session..............................................................................................................................................2 Speakers....................................................................................................................................................................................3 Key Messages from Presentations................................................................................................................................................3 Issues Arising from Discussion.....................................................................................................................................................4 Action Points..............................................................................................................................................................................6 Why Invest In Homa Bay County?.........................................................................................................................7 Overview of the Session..............................................................................................................................................................7 Speakers....................................................................................................................................................................................7 Key Messages from Presentations................................................................................................................................................7 Action Points..............................................................................................................................................................................8 Recommendation........................................................................................................................................................................8 Counties as Frontiers for Investment....................................................................................................................9 Overview of the Session..............................................................................................................................................................9 Key Messages.............................................................................................................................................................................10 Issues Arising from Discussion.....................................................................................................................................................12 Action Points..............................................................................................................................................................................12 Financing for Investment......................................................................................................................................13 Key Messages.............................................................................................................................................................................14 Issues arising from discussions....................................................................................................................................................15 Action Points..............................................................................................................................................................................16 Human Resources for Investment in Homa Bay County........................................................................................17 Key Messages.............................................................................................................................................................................18 Action Points..............................................................................................................................................................................18 Key Messages.............................................................................................................................................................................19 Launch of the Strategic Investment Plan..............................................................................................................19 MoU’s Signed.............................................................................................................................................................................21 Memorandum of Understanding (MoU)................................................................................................................21 A sample of some of the Investors present and their areas of interest............................................................................................23 Conclusion.................................................................................................................................................................................24 APPENDICES.......................................................................................................................25 Sectoral Break-Away Sessions..............................................................................................................................25 Infrastructure, Energy and ICT......................................................................................................................................................25 Key Points/Issues Arising from Discussions....................................................................................................................................25 Action Points..............................................................................................................................................................................26 Agribusiness, Trade and Manufacturing........................................................................................................................................27 Key Points/Issues Arising from Discussion.....................................................................................................................................27 TABLE OF CONTENTS
  5. iv HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 ACKNOWLEDGEMENTS This report has been prepared by PricewaterhouseCoopers in collaboration with CEDIA – Utawala.
  6. v HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 AfDB African Development Bank BRITAM British American Investments Company CIDP County Integrated Development Plan CEC County Executive Committee EPZA Export Processing Zone Authority SEZ Special Economic Zone FIRM Financial Inclusion for Rural Enterprises HOBIIC Homa Bay International Investment Conference KAM Kenya Association of Manufacturers KCB Kenya Commercial Bank KENINVEST Kenya Investment Authority KENGEN Kenya Electricity Generating Company KNCCI Kenya National Chamber of Commerce and Industry LAPFUND Local Authorities Provident Fund LPO Local Purchase Order MOU Memorandum of Understanding SACCO Savings and Credit Cooperative SIP Strategic Investment Plan USAID United States Agency for International Development GLOSSARY
  7. vi HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 Overview of HOBIIC The Homa Bay International Investment Conference (HOBIIC) report gives an overview of the issues discussed at the inaugural Homa Bay County International Investment Conference whose theme was “Unveiling the Bay of Investment Opportunities”. The conference was held at the Homa Bay Tourist Hotel from 18th – 19th February 2016. Conference Objectives The main objective of the conference was to attract strategic investors and venture capitalists for selected and prioritized sector based investment projects. Additionally, the objectives of the county were; • To highlight the county’s strategic role in the development of the Southern Nyanza region as an industrial and trade hub as well as an emerging tourist destination owing to its location along the longest shoreline of Lake Victoria. • To lay a foundation for the county government’s long term engagement with the private sector and development partners in the implementation of its Strategic Investment Plan (SIP 2016-2020). The projects were drawn from the Homa Bay County Integrated Development Plan (CIDP 2013-2017) and the county’s Strategic Investment Plan (SIP 2016 – 2020). The county government presented 39 projects that have been prioritized for investment, clustered in three main sectors namely; EXECUTIVE SUMMARY Cluster No. of Projects Infrastructure, renewable energy and ICT 16 Agribusiness,Trade and manufacturing 14 Social Services and Tourism Sector 9
  8. vii HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 The conference brought together more than 200 local and international investors, policy makers, scholars, government officials, private sector players, economists and the Homa Bay Diaspora community. Over 30 local and international exhibitors also participated in the event. The conference held forums where investment related opportunities were shared through presentations, thematic discussions and plenary sessions. The thematic areas covered in this conference were; • Why invest in Homa Bay County? • Counties as Frontiers for Investments • Human Resources for Investment in Homa Bay County • Launch of Strategic Investment Plan • Signing of Memoranda of Understanding Governor Cyprian Awiti and his Deputy, Hamilton Orata attentively follows proceedings at HOBIIC 2016. © County Government of Homa Bay
  9. viii HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 Topics of discussion held as forum panels addressed the thematic areas. The forum panel discussions were; • Women in Business • Counties as Frontiers for Investment • Homa Bay Investment Opportunities • Financing for Investments • Breaking Barriers to Investment to Counties The county’s Strategic Investment Plan (SIP 2016 – 2020) unveiled during the conference, culminated in the signing of a Memorandum of Understanding (MOU) between a number of investors and the county government. The conference was hosted by the County Government of Homa Bay in collaboration with USAID Financial Inclusion for Rural Microenterprises (FIRM), the Kenya National Chamber of Commerce and Industry (KNCCI) and Kenya Investment Authority (KenInvest). It was co-sponsored and supported by a number of investors and partners namely PricewaterhouseCoopers (PwC), Strathmore University, Delloitte & Touche, Kenya Investments Authority, (KenInvest), Kenya Association of Manufacturers (KAM), Land O’Lakes Inc., LAPFUND, Madison Insurance and Kenya National, Chamber of Commerce & Industry (KNCCI). This conference was preceded by three pre-investment conferences in four counties namely Mombasa, Kisumu, Nairobi and Homa Bay. The key messages from the thematic areas and panel forums as discussed in the conference and action points, are outlined in this report. H.E Governor Awiti delivering his speech during the conference. © County Government of Homa Bay
  10. 1 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 HOBIIC CONFERENCE SESSIONS
  11. 2 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 Panel of Women discuss investment opportunities. © County Government of Homa Bay WOMEN IN BUSINESS Overview of Session This session centred on the vast potential and opportunities that women entrepreneurs can take advantage of to not only invest in the different sectors in the county but also expand their enterprises. The areas of emphasis included enterprise growth, financial tools, partnerships for competitiveness and networking.
  12. 3 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 Speakers Session Facilitator: Professor Jane Konditi Panelists: • Hon. Elizabeth Akinyi Manyala – MD, KENSOSUN East Africa and representative of Kayole South Ward, Nairobi County • Gacoki Gacece – USAID Financial Inclusion for Rural Micro- enterprises (FIRM) • Elizabeth Kariuki – USAID Financial Inclusion for Rural Micro-enterprises (FIRM) • Njagi Mutwiri – Business Manager, Kenya Commercial Bank, Homa Bay Branch • Dr. Eve Obara – Kenya Literature Bureau • Mary Muthoni – Chairperson, Kenya Women in Business (Kenya National Chamber of Commerce and Industry) Key Messages from Presentations • Enterprise growth: Women must be willing to take advantage of financial products offered by various financial institutions to transform their small businesses into enterprises. • Partnerships: The county/women in business must use viable value propositions to attract partners who can invest in their enterprises. Women have to demonstrate to partners on the viability of business activities they wish to be financed, such that the returns outweigh the risks. • Financial tools: Financial institutions offer different financial tools for women entrepreneurs can use to support their enterprises at different levels. Savings and Credit Cooperative societies (SACCO) were proposed as ideal financial vehicles through which women can access financing, due to member driven governance, and financing of agricultural commodities. SACCO’s also offer better credit terms than many financial institutions. Financial tools also available to businesses in Homa Bay include; LPO financing, invoice discounting, agri-business loans, SME loans, mortgages, bid-bonds, short-term accommodation for loans, and tailored accounts.
  13. 4 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 • Networking and advocacy: Women make the largest percentage of SME’s in Kenya at 70%. Overall, only 70% of new businesses get to see their third year of operation. There is need promote networking and advocacy among women to facilitate sharing of knowledge and best practice. Additionally women in Homa Bay County have been encouraged to set up business caucuses which shall be supported by National Business Caucuses. • Opportunities for women in Homa Bay County Women in the county have been encouraged to set up businesses targeting the education sector such as bookshops and polytechnics. Main Enablers • Constitution - The Constitution of Kenya is friendly to women enterprise. • KNCCI is devolved hence can be accessed at county level. The chamber is willing to set up business development centers to mentor women in the county. • Ministry of Industry, Investment and Trade, and Homa Bay County CEC Trade are willing to provide business information and opportunities to ensure enterprise growth. Issues Arising from Discussion A number of issues emerged during the general discussion. Participants were particularly keen on the question of access to financing especially for women, the youth and people living with disability to enable them take up tenders. Lack of access to information on tenders, stringent requirements by financial institutions and lack of inclusion of women at the grass-root level (in business caucuses) were sighted as key issues that exclude women from shaping investment decisions. The issues discussed include the following:
  14. 5 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 • Turn-around Time (TAT) for bid bonds by Kenya Commercial Bank (KCB) is too long. KCB has since centralized bid bond processing by moving it to the branches, in turn greatly reducing the turn-around time for bid bonds. • Too many conditionality’s for startups that are interested in accessing credit facilities. Currently, financing of start-ups is addressed on a case by case basis. That is, if a good proposal is submitted and the business is determined to be viable then credit can be extended. Entrepreneurs were advised to consider going for unsecured loans that have less stringent requirements. Alternatively, they can join a SACCO where they can also borrow at lower interest rates. • What does the county government intend to bring to the table so that women entrepreneurs can access finances? Plans are underway to set up Homa Bay SACCO (in collaboration with USAID FIRM) and in the long- term developing it into a bank to accommodate more entrepreneurs especially start-ups. • The need for the formation of the women caucus in the county so that grassroots women also take part Caucuses exist in all the counties hence women are represented at all levels. The Homa Bay county representative to the caucus to the caucus is the late Hon. Monica Amolo. KNCCI has been devolved and can be accessed at county level, therefore participation of women at county level must be strengthened. The women were advised by KNCCI to select another member to replace the late Hon. Amolo. • What can county government do to increase the level of awareness and access to tenders by women? Although this is a national government function, the county government guides women in getting tenders in line with the 30% procurement rule.
  15. 6 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 • Can the county government enter into an MOU financial institutions/partners like Uwezo and Youth fund to facilitate access to financing for women and youth to enable them to be part of the 30% procurement rule? The establishment of SACCOs is expected to address financing constraints faced by women to a larger extent. A proposal can also be done to the Council of Governors to work on MOU’s that will facilitate access to financing by women and youth. • A majority of the deaf people in the county are challenged in establishing businesses and this is further compounded by communication barrier. Can the communication barrier be eliminated to incorporate such special persons in development matters? This question was not responded to. Action Points • The Homa Bay County Government officials need to work closely with KNCCI to set up a business development training center in the county that will promote networking and advocacy for women entrepreneurs. • There is need to create awareness and education among women on the various financial tools that are available and the institutions that can accommodate their financial needs. • Engage USAID FIRM for the formation of a Sacco and mobilize the community to embrace it as their own • County officials to follow up on the election of the next representative to the caucus. • The County Government to oversee the formation/ establishment of a local bank in collaboration with Deloitte and Touché.
  16. 7 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 Rt. Hon. Eng. Raila Amolo Odinga, Former Prime Minister of the Republic of Kenya and CORD Leader unveils the Strategic Investment Plan (SIP. 2014-2020) at the HOBIIC 2016. © County Government of Homa Bay Overview of the Session This session sought to unpack the various investment opportunities presented at different levels, the factors that favour investment in the county as well as give a highlight of the enablers for investment identified by the County Government. Speakers Session Facilitator: Hon. Professor Tom Ogada, Chairperson, Homa Bay County International Investment Conference (HOBIIC). Panelists: • H.E. Hamilton Orata – Deputy Governor, Homa Bay County • H.E. Cyprian Awiti – Governor, Homa Bay County • Kassim Farah – County Commissioner WHY INVEST IN HOMA BAY COUNTY? Key Messages from Presentations Homa Bay County presented a number of factors that favour investment. They include the following: • Security: The County has robust security which is an enabler for investment/entrepreneurship to thrive. • Availability of government land: The County Government will facilitate and fast-track process to enable investors to acquire/obtain land. • Tax relief: The County Government will work with national government to ensure that all the investors are subjected to fair taxation such as rebates etc. • Friendly legislation by the County Assembly: The county assembly is working on policies and other legislation that favour investment in the county.
  17. 8 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 • Establishment of a local bank:Working to develop a local bank within the county that will promote access to financial resources by local investors. • Climate: The County enjoys friendly climatic conditions all year round with hospitable, cheerful and welcoming people who embrace investment and can be trusted. Main Enablers The county government has put in place a number of enablers that support investment in the county. These are: • Infrastructure: The roads are motorable for easy transfer of goods. The recent expansion of the runway to 2.5 kilometres has promoted quick travel, as evidenced by the commencement of Fly 540 flights to Homa Bay County. The County has plans to develop a cargo port to accommodate cargo air transport. The Deputy Governor has been in talks with KAA on this project. • Water: Avail water to all areas in Homa Bay County. It is a devolved function • Education: Currently the upgrade of Tom Mboya College to University is ongoing. • Healthcare: Improving the referral hospital to become a level 5 hospital, ensuring all sub-county hospitals are upgraded to level 4 so that residents can access to quality health care. • Energy: Working on reducing the number of power blackouts. County government in talks with KETRACO to put up a66KVA sub-station which shall increase the quality and quantity of electricity transmission in the county. The County is seeking investors to generate power which can be in addition to supplying energy needs for the County, sold to the grid. • Land: Very rich, fertile, arable good for agribusiness (Cassava, sweet potato, maize, horticultural produce). • Banking infrastructure: Presence of various banks both local and international, LPO financing – working with banks to finance you to enable women and youth to do business. Action Points • Homa Bay County Investment Committee to oversee the implementation of SIP • County Government to identify investors that are interested in acquiring land for investment in the county and facilitate them. • The County Government should push for the upgrading of the Kabunde airport to accommodate cargo transport. Recommendation The County Government has been urged to continue follow up with KETRACO on the setting up of a power substation that will ease blackouts frequently experienced in the county. Additionally, the County Assembly should pass policies and other legislation that favour investment in the county. Hastening the establishment of a local (community) bank is expected to be a key agenda for the county.
  18. 9 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 Overview of the Session The devolved government presents a shift in accountability. Consequently, investment opportunities are no longer in major cities but in every level within the counties. Panellists gave insight on the shift in development priorities at county level as well as how and why the county government must secure its investment potential for its posterity. Session Facilitator: Dr. Bob Arunga COUNTIES AS FRONTIERS FOR INVESTMENT H.E Governor Cyprian Awiti with his Kisii counterpart H.E Governor James Ongwae (center) and Deputy Governor Hamilton Orata. © County Government of Homa Bay
  19. 10 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 Panellists • Professor David Sperling – Strathmore Governance Centre • Professor Mary Kipsat – DVC Academic, Maseno University • Sammy Onyango – CEO, Deloitte and Touche’ • Barry Patch – Director, PwC • Eric Ochieng’ – Kenya Association of Manufacturers (KAM) • Linda Kagota – USAID FIRM • Patrick Mwangi – Micro and Small Enterprise Authority • H.E. James Ongwae – Governor, Kisii County Key Messages • Importance of Macro and Micro Economic Convergence: Investment opportunities and priorities be approached at both micro-level (county and neighbors) and macro-level (regional). The county must position itself to compete for investors with other counties in the region as well as neighboring countries. • Impact Investing: Investors employing 5 – 10 people must be embraced and amalgamate the benefits. Impact investing should be encouraged especially at micro- level for investment opportunities of approximately USD 20,000 where investors make profit while having a deep social impact to improve the lives of the community. The county must align its development priorities to investment priorities. • Strengthening of non-financial indicators: The county government should strengthen non-financial indicators such as the dynamic, extra-ordinary, good working relations, commitment and solidary of county officials and leverage to create a sustainable environment for investment. • Developing Education to Improve the County’s Human Capital: Education will help improve human capital in addition to opening up opportunities for investment through public private partnerships for projects such as construction of hostels and staff housing among other things.
  20. 11 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 • Competitiveness through the Development of an Economic Bloc: The Lake Region Economic Bloc (LREB) needs to synergize its strengths in order to avoid duplication of functions and open up the 13 counties to the entire region. • Creating an enabling investment environment: The County should work towards securing the efforts made in wooing investors during the investment conference by making them viable and begin working on implementation. • Skills Development: Skills development is crucial in ensuring that the problem of skills mismatch is solved. • Cottage Industry: Kisii County has embarked on developing cottage industries, leveraging on experiences of countries such as India where cottage industries were a key driver for economic growth. The amalgamation of investors allows for the potential to develop these industries. • Development of financial feasibility studies for small businesses targeting local entrepreneurs.: Strathmore’s Utawalla and CediA Africa worked out and presented Cost Benefit Analyses for the following projects: 1. Green House Farming 2. Sourcing and Retailing of Agricultural Produce 3. Peanut Butter processing plant 4. Oluch Kimira Irrigated Farming 5. Establishment of Livestock Marketing yards 6. Agricultural Derivatives Projects 7. Value Addition & Incubation centers 8. Provision of Clean Water and Sanitation Facilities in the Markets 9. Establishment of Waste Collection, Treatment & Recycling Unit 10. Establishment of Affordable Market Structures 11. Fish Solar Dryers 12. Solar Powered Fish Cooling Plant 13. Ornamental Fishing 14. Provision of Ambulance Services 15. Establishment of Dental & Eye Clinics 16. Community Revolving Loan Fund 17. Mobile Money/Bank Agencies 18. Construction of Tourism Information /centers 19. Establishment of Home stay Tourist/guest facilities Action point: Create forums for youths and women entrepreneurs where these opportunities for investments are presented and taken up.
  21. 12 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 Issues Arising from Discussion Conference participants were mainly concerned with the role of various bodies in fostering investment and consequently development in the county. Of main concern was the role of the county government in ensuring research is acceptable to the community, the role of investors in Tom Mboya University and the role of the local community in steering the investment agenda. • What is the role of the county government in ensuring that research is acceptable in communities? Research is vital component to any activity. There can be no development witho ut research. There is need for research in every area. Academic institutions can help in research. • How can investors get involved in Tom Mboya University? The process of getting a charter for the university is on course. • What is the role of the local community in the investment? The involvement of the local community is crucial to investment. The local community must be engaged. Action Points County government officials should leverage good will by working closely with investors to provide information and other support needed. Kenya Association of Manufacturers (KAM) is willing to partner with the county government and organize youths in every sector to have the right skilled workforce for specific sectors through partnerships with organizations like Kenya Industrial Research Development Institute to ensure skills are harnessed.
  22. 13 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 The purpose of this session was to highlight to investors to the various financing options that they can take advantage of especially with regard to establishment of industries. The panellists also explored the potential for Export Processing Zones (EPZ), free trade zones and Special Economic Zones (SEZ) in Homa Bay County and how investors can take advantage of the same. The issue of project feasibility and the importance of having appropriate policies, laws and institutions was also discussed. Session Chair: Professor Jane Konditi FINANCING FOR INVESTMENT H.E Governor Awiti with hotel investor Jerry Ndong’ © County Government of Homa Bay
  23. 14 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 Panellists • Dr. David Maasai – Industrial Development Bank (IDB) • John Akara – Export Processing Zone Authority (EPZA) • Joseph Oguta – Djibouti Free Zone • Prof. Wainaina Gituro – Vision 2030 • Dr. Moses Ikiara – Kenya Investment Authority (KenInvest) • Hezekiah Okeyo – Vision 2030, Representing PS Ministry of Industry, Investment and Trade • John Oyioro – Kenya Revenue Authority (KRA), Western Region Key Messages • Financial partners: Investors can take advantage of services offered by financial partners like Industrial Development Bank (IDB) that finance industrial capital of between Kshs. 1 million and Kshs. 200 million to promote industrialization. In return, investors enjoy concessional rates, depending on the risk profile as well as long tenure/ credit period of 7 to 10 years. IDB is keen on financing the establishment of the cotton ginnery. • Establishment of Export Processing Zones: The County can process goods for exports with the establishment of export processing zones. Negotiations are underway to have an export processing zone in Homa Bay County especially for the establishment of the cotton industrial park. EPZA Want to come to Homa Bay and establish partnership with Homa Bay and wider lake region. Recently established an office in Kisumu. Negotiations almost complete on Export Processing Zone, particularly for the Cotton Processing Park – (can get cotton from Uganda and Tanzania) and food processing. • Potential Areas for free trade zones : The county has potential for establishment of free trade zones in the following areas: • Light industry • Logistics, Warehousing and Transporting • Horticulture and Processing of horticultural products • Vision 2030 is signing an MOU with the county to concentrate on cotton, animal feeds and fish. • Resources: Among the best resources that investors must take advantage of are; time, capital of the people of Homa Bay, Private Public Partnerships and Private-Private Partnerships. The youth are in integral part of investment hence must be addressed and the corruption trend. Investors must be keen on ensuring that their industries are compliant to the environmental address climate change. The economic fundamentals for investment in the county are strong i.e. competitive return on
  24. 15 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 investment, big growing market that includes the East Africa Community (EAC) customs territory, COMESA, SADC tripartite arrangement, AGOA, US and EU market and other bilateral arrangements. • Special Economic Zones (SEZ) • Location, best human resource, introduced special economic zones. • Homa Bay can explore/set up three parks – cotton, animal feeds and fish processing. Free zones, industrial parks and tourist and recreational zones. Counties identify land, Cabinet secretary gazettes, V.A.T zero rated. Bringing donors/development donor group, bring consultants to plan. • The county have a role to identify land where the zones can be. Once the land is gazetted the benefits associated with these zones take effect. • Project Feasibility Financing is not a challenge rather, getting a good bankable ideas is. Ensure projects are properly packaged. Project feasibility and project structuring is key in addition to good governance, infrastructure, policy, low production cost and quality human resource. • Enabling environment through policy, laws and institutions Policies, laws and institutions must be right otherwise investing in the county will be hostile. Ministry of Industrialization collaborate with government agencies to ensure conducive environment. Bringing in donors (Trade and Private Sector Donor Group which is a group 10 Donor organizations) shall help in the planning of the zones. Issues arising from discussions Panellists were engaged on a number of issues key among them processing of groundnuts, taxation and skills development. • Groundnuts are grown in the county on a large scale. Is it possible that they are also considered in term of processing? Groundnut processing will be considered and should be included in CIDP. • How is the community engaged in the investment/ partnership arrangement? The community is engaged through the county government, as the elected representative of the people of Homa Bay County.
  25. 16 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 • Does export to East African countries qualify? What is the process timeline and requirements for SEZ’s? SEZs have access to local, regional and international markets while EPZ processes products that are entirely for export. KRA taxing is zero-rated – Currently, this is done on a case by case basis. Opening a one-stop shop for investors, Institutions serving investors for smooth coordination. • Does county have plans to develop skills? The county is working in collaboration with the Export Promotion Council (EPC) to nurture skills. • Why are taxes imposed on people living with disability who are business owners and employees? The law has a number of incentives and exceptions for employees and businesses of living with disabilities. • When filling returns online, the KRA system freezes (malfunctions) resulting in penalties. What can KRA do to address this? In terms of taxation, it is important to know that it is the responsibility of taxpayers to manage tax matters. KRA has a role to administer. KRA offers taxpayer education. Opening support centers in Homa Bay County i.e. Oyugis, Homabay and Mbita. Information is available on the website. Filing season begins on 1st January to 30th June of every year. You need to file early to avoid congestion. Employers to provide P9 on time. Going forward, a Huduma Centre will be opened soon in Homa Bay to enhance smooth coordination. • Withholding taxes for business inputs (e.g. machinery) All inputs are deductible. 6% Action Points • The County Government should identify land where the export processing zones can be set up and ensure that it is gazetted. • The establishment of three parks – cotton, animal feeds and fish processing should be initiated • The County should spearhead opening a one-stop shop for investors, institutions serving investors for smooth coordination with support from KenInvest. Exhibitors during the conference. © County Government of Homa Bay
  26. 17 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 Fly540 exhibitors during the Investment conference. © County Government of Homa Bay This session’s discussion focussed on the importance of human resource production in line with the County’s plans on expansion of its labour force. There is sufficient manpower to support all projects. Session Chair: Hon. Pharesh Ratego HUMAN RESOURCES FOR INVESTMENT IN HOMA BAY COUNTY
  27. 18 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 Panellists • Hon. Naphtaly Matta – CEC Tourism and Social Services • Professor Stephen Agong – Vice Chancellor, Jaramogi Oginga Odinga University • Professor Tom Ogada – Agribusiness, Trade and Manufacturing Key Messages • Tom Mboya University Campus:Tom Mboya University offers courses that enhance skills that are relevant to different sectors at different levels such as marine and lake resource studies. Several alumni work in county government. Research and innovation addressing needs of community needs to be done by the University. • Outreach & Mentoring: Universities are carrying out analysis of skills, participating in curriculum development in order to provide necessary human capital.University students will also be awarded industrial placements. • Enabling investment through a strong manpower base: Strong manpower base required for investments to thrive. The knowledge economy must address fundamentals. Primary school, secondary and post- secondary schools must offer curricula that address the needs of the labour market. Furthermore, education must be affordable through all levels. • Virtual Learning: Virtual learning programs should be embraced to reduce the cost of university education, widen access, improve equity and sustain high quality standards by emphasizing key areas of professional development. The capacity to drive growth is key. • Curriculum Reforms: Competence based curriculum is what is needed. HB Devolved youth polytechnic, map all youth poly and relate to industries. Action Points • Map all youth polytechnics and relate their courses to industries to ensure effective skills matching. • Identify opportunities to mentor young ones to align their skills to the needs of the labour market.
  28. 19 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 The Strategic Investment Plan (SIP) 2014-2020, outlines the investment priorities for the county and was unveiled during the conference. The plan, is an outcome of expansive, detailed and focused stakeholder engagements that received significant technical and financial support from USAID/FIRM. The Strategic Investment Plan serves as a roadmap that will help the county identify external and internal resources available in the county and priority areas where the resources need to be deployed. Ultimately, the plan is crucial in helping to align the interests of investors to the economic development agenda of the county. LAUNCH OF THE STRATEGIC INVESTMENT PLAN • African Development Bank Investment: The African Development Bank is investing in four main areas: 1. Energy: Has been a problem but now is becoming a thing of the past. Focusing on last man connectivity. All sub-counties covered. Phase one will be rolled out in June 2. Roads: Isebania- Kisii-Ahero linkages and Oyugis-Kendu-Suneka road. 3. Water: Kimira Oluch- Free gravitational flowing water good for rice, horticulture, vegetables 4. Skills: Problem of skill mismatch. Addressing middle level skills. Supplying infrastructure and equipment • Enabling Legislative Environment for Investment: The County Assembly is working towards friendly legislative issues to investment. Economic potential of the county is immense. • Political risk: Young, educated and suave leadership in the county. Plans will not be reversed because of emergence of political risk. • Alignment of Country and Investor Objectives: There is a milestone of what is going through the region in investment. Interest of investors must be aligned to interest of country. The county government should remove unnecessary licensing especially for jua kali traders. A review of regulations should be done to enable young people hoping to earn Key Messages
  29. 20 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 from agribusiness. Allow businesses to compete on a level playing field. There is need to create synergies, harness power of economic blocks and regions to work together. County assemblies must work to remove impediments and promote people to break cycle of poverty. Upward social mobility should be priority of country. • Devolution: Devolution must succeed. Budget should not finance duplication of functions. Sharpen focus on investing in your, sharpen education, invest in value addition. The national government should see county government as partners of development Enablers in Homa Bay County • Human resource – Home to depth and serious human resource. • The three pillars of investment in Homa Bay County are: 1. Economic Pillar: Agribusiness, tourism, Energy. There is land, sand, solar energy, beaches, etc. 2. Social Development Pillar: Water, health, education, etc. 3. Political Pillar: Good working relationship for service delivery to people of Kenya. Political risk is zero.
  30. 21 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 The conference was successful in presenting a number of Memorandums of Understanding that had been signed between Homa Bay County and prospective investors. Some of the projects for which MOU’s have been signed are in addition to the projects that were highlighted at the conference itself. The MOU’s signed are summarized in the table below: MEMORANDUM OF UNDERSTANDING (MOU) MoU’s Signed MEMORANDUM OF UNDERSTANDINGS SIGNED WITH INVESTORS DURING AND AFTER THE CONFERENCE COMPANY COUNTRY BUSINESS AMOUNT IN US$ REMARKS DEPARTMENT OF ENERGY AND NATURAL RESOURCES 1. Rift Valley Resource & Exploration Kenya Cement Production 200,000,000 MoU signed 2. Quaint Energy Ltd USA Solar Energy, Nyakwere 80,000,000 MoU signed 3.Africa Energy Development corporation Canada Solar Energy Kabondo 60,000,000 MoU signed 4. Solar stream Ltd China Solar Energy Rusinga 60,000,000 MoU signed 5. Global Alliance USA inc (GAUSA) South Africa Waste to Energy 50,000,00 MoU signed Sub-Total 450,000,000 DEPARTMENT OF AGRICULTURE, LIVESTOCK AND FISHERIES 6.Victory Farms UK Cage fishing 1,000,000 MoU signed 7. Lake View Fisheries Limited Kenya Cage Fishing 4,000,000 MoU signed 8.Thikaways Limited Germany Biomass Energy 53,000,000 MoU signed Sub-Total 58,000,000
  31. 22 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 DEPARTMENT OF TRADE, INDUSTRIALIZATION, INVESTMENT AND COOPERATIVES 9. Pieter Van Der Merwe Family Trust South Africa Maize Processing Factory 300,000 MoU being pursued 10. De Beby Green Ventures Capital Limited Kenya Cotton Ginning Factory 400,000 MoU being pursued 11. FlexCat Norway Boat building factory 1,000,000 MoU being pursued 12.Tatar Foods Private Limited INDIA Agro Food Park 3,000,000 MoU signed 13. Kamtech Associates PVT Limited INDIA Leather Industrial Park 10,000,000 MoU signed 14. MTR Export INDIA Used Tyre and Oil Processing Factory 1,000,000 MoU signed 15. Khandelwal Properties and Construction INDIA Stone crushing and ballast making factory 2,000,000 MoU signed 16. Federation of Rajastahan Trade and Industry INDIA Spinning and garment factories 5,000,000 MoU signed 17. Kantech Associates PVT Limited INDIA Animal feeds Factory 500,000 MoU signed Sub-total 23,200,000 DEPARTMENT OF EDUCATION AND ICT 18. Petken Limited Kenya Automation of Revenue Collection 99,000 MoU Signed 19. Sonyaco Limited Kenya Hostels 350 capacity for Tom Mboya University College (own land) 260,000 MoU Signed 20. Business Insights Solutions Limited Kenya Hostel 200 capacity for Tom Mboya University College (Own Land) 21,000.00 MoU being finalized 21. Dream Homes Inc. Kenya/USA Hostels, 5,000 capacity (6 No. by 5 Storey Hostel Units) for Tom Mboya University College (within the University Premises) 38,500,000 MoU being finalized 22. Goldmeir Beauty Clinic & Hair Dressing Kenya Hairdressing & Beauty College in Homa Bay Town 31,000.00 MoU being finalized 23. Save The Destitute CBO Kenya Improvement of Asego Hill Nursery School to the Status of a Model ECDE Center 5,000 MoU being finalized 24. Saun Enterprises Kenya Improving Glad Toto Day Care Center as a Model ECDE School 5,000 MoU being finalized Sub-Total 38,921,000 DEPARTMENT OF TRANSPORT AND INFRASTRUCTURE 25.Wilken Airlines Kenya Airport Hotel 400,000 MoU being pursued 26.Wilken airlines Kenya Aviation Training School 300,000 MoU being pursued Sub-total 700,000 GRAND TOTAL, US$ 570,121,000 GRAND TOTAL, in billion Kshs 58.2
  32. 23 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 NAME OF INVESTOR AREA OF INTEREST Mr Obuya Hotel and Conference Facility Moez Oliver Solar Stream (40 MW generation plan in Rusinga) Felix Okello Wilfred Oguna Representative of Farmers Ben Odero Agribusiness (Sunflowers in Suba) Fred Okeyo - Kenya Tourist Board (KTB) Facilitation of private sector investment in tourism in the County Jonathan Lodompui – Vision 2030 Vision 2030 (Selected 3 out of the 14 areas in agribusiness, trade and manufacturing) Idd Masoud Vision 2030 David Masai - Industrial Development Bank(IDB), Cotton industrial park Judith Omachar - Industrial Development Bank(IDB) Cotton Industrial park Moses Ikiara KenInvest Alfred Achar 40 MW plant in Nyakwere Mary Wangui Thikaway Investment – 10 MW Biogas Plant in Kobala and Organic Fertilizer production Catherine Karu Thikaway Investment – 10 MW Biogas Plant in Kobala and Organic Fertilizer production Dr.Kenneth Kambona - Development Consultant, Global Alliance Kenya Plant Health Inspectorate Issuance of certificates for import and export of plant material James Waweru Cotton Value Chain – Textile Park William Nyangili - Chair, Micro and Small Enterprise Sweet Potato Production Micro and Small Enterprise Sweet Potato Production Goldmere Akoth Beauty College Mr Douglas Waste Processing Ken Obongo Limani Honey and Peanut Butter Processing A sample of some of the Investors present and their areas of interest
  33. 24 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 John Agan Housing Development Engineer Matheka Real Estate Robinson Manguro Architect Joseph Rehmann - Victory Fish Farms & Cage Fishing Fishing Farming and Cage Fishing Hon. Ochieng – Mbeyo Fish farming in Mfangano Island (Cage Fishing) Mr Peter Maize and animal feed, and low cost housing Kevin Mwakesi - Rift Valley Resource and Exploration Limestone Mining Charles Ogada Flexi-Cart and Boat Building factory Paul Ouma Oil seed value addition Jack Otana – Lambwe Agribusiness Development Company Agribusiness Development Total 32 Conclusion The conference concluded on the 19th of February with the signing of Memorandums of Understanding. Further results of investors who registered interest in investing in the County are provided for in the Appendices below.
  34. 25 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 APPENDICES SECTORAL BREAK-AWAY SESSIONS Infrastructure, Energy and ICT Session Facilitator: Barry Patch, Director PwC Companies/Investors Present • Kenya Power • Financial Development • Kengen • Global Alliance USA (GAUSA) • Rift Valley Natural Resources Exploration • Thika Ways Investment • Solar Stream • WikiLeaks • Nakumatt Key Points/Issues Arising from Discussions Potential investors in infrastructure, renewable energy and ICT raised a number of concerns on the place of SMEs within the mega projects, the continuity of the investment agenda beyond the conference, the importance of an integrated physical plan, feasibility studies for the proposed projects and the place of consultancies. • Are there any provisions for small and medium enterprises within the big projects? Opportunities for investment are presented at all levels. It is up to individual investors to determine the scale of operation depending on their interests. Off grid generation of power is allowed. Currently, some of the generation of power is being carried out on Rusinga Island, taxes are not imposed on power producers. The county has created business to business contact so it depends on how investors approach them. Kenya Electricity Generating Company (Kengen) carry out larger generation projects but leave smaller projects to Independent Power Producers (IPP’s). Kengen’s areas of interest are in solar power, hydropower, geothermal and wind energy.
  35. 26 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 • There was a proposal for the formation of a body that can be used steer the process of investment beyond the investment conference. There is legislation on the formation of the Homa Bay Investment Authority for continuity of the process, currently awaiting to be passed into law by the county assembly. Investors can use various resources provided by the government on guidelines or legal aspects in ministry of energy website. These resources are www.erc.go.ke (Ministry of Energy) and www.kplc.co.ke (Kenya Power). • Physical planning – Does the county have an integrated physical plan to curb haphazard plan? E.g. sewer plan The development of the integrated physical plan for the county is underway. The integrated physical plan for Homa Bay town is also underway. • There is too much bureaucracy preceding approval of projects leading to delays in the commencement of projects. There are steps to be followed but government will quicken them. The Ministry of Energy will play role of enabler - work in collaboration with national government to create a one stop shop for licensing. KenInvest – mandated to assist investors to go through the process of acquiring licenses. Does not charge any fee for this service. • Has the county opened up consultancies for local diaspora to bring in their expertise/add value to activities at county level? County government always sources consultancies as per the Public Procurement and Disposal Act, which states that consultancies should be tendered. It is free for all. For those interested in consultancy, continuously check the website. The county plans to enhance the process through proper advertising. If consultants have a unique idea, they are encouraged to consult with the relevant ministry. • Have any feasibility studies been done on the energy sector in the county? Feasibility studies have been done on some areas like hydropower. • Do we have a county risk index? Is there a sovereign guarantee. This question was not responded to. Action Points • Legislation on the formation of the Homa Bay Investment Authority be passed by the county assembly • Completion of the development of the integrated physical plan by the county • Sensitize investors on the role of KenInvest in acquisition of licenses • The integrated physical plan to be shared with investors upon completion to guide investment activities.
  36. 27 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 Agribusiness, Trade and Manufacturing Session Facilitator: Dr Kenneth Kambona – Development and Investment Consultant – DevelopmentShift Companies/Investors Present 1. James Orengo – Working with small scale farmers 2. Samuel Oswago – Interior Government – Interest in Agriculture – Sugarcane Industry was not touched on in the presentation. 3. Phoebe Okoth – Dairy Farmer 4. Joseph Oluta – Ndhiwa Sub-County – Potential Investor in Abattoir 5. Lakeview Fisheries – Commercial Fish Farming – Cage fishing 6. KEPHIS – Mrs. Lynette Achieng’ Mbeyha 7. Bishop Theresa – Dairy Goat Farming, Poultry Farmer 8. Mr. Smith- Importation of agricultural machines which are affordable. Looking for land in Homa Bay County to start a pilot project. 9. Professor Otieno – Professor in Maseno University 10. Moses Ikiara – MD of Kenya Investment Authority (KENINVEST) 11. Investors in bee keeping and trade 12. Investors in organic farming 13. Investors in passion fruit and avocado farming 14. Investors in French beans processing 15. Investors in Poultry Farming Key Points/Issues Arising from Discussion 1. Where should investors take their raw beans for processing? Awareness on market linkage should be carried out Capacity Building in the Agriculture Sector Agricultural Activities must be given proper service provision. The County should consider extension services. Investors have requested the county government to take care of capacity building at farmer level which would allow investor confidence to build. Organic farming – Branding Organic Produce Fruit trees (Oranges) are maturing very early. The investors want to do grafting along the Lake Victoria shores. As an investor need irrigation facilities and also need organic shops. Cotton Sector Investors need specific details on the cotton value chain and in particular, on the machinery which is available. Ginnery machinery to see how the can come in. Cotton Supplier and Farmer – Market linkages so that the cotton can be sold. Expertise from an investor on cotton growing
  37. 28 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 Dairy Sector Looking for a machine for milk cooling and packaging – Phoebe Need a strategic investor to help scale up maize production – Cultivation and making more Bee Keeping – Green House Production as well. Need an irrigation facility. Brown Sugar Processing – Doing it at large scale – Perception that this is for change brewing. Need an investor to take the produced brown sugar to a market Poultry Keeping – Need a slaughterhouse for poultry and need market links Control Striger weeds within county – Bishop Theresa Build a plant for pineapple processing. Need people to come as a group – So that demand creation takes place – Moses Ikiara Need the fish processing plant and need to complete the value chain – Need an anchor investor – Thikaway Investments – Partnership with German Investors – Will be starting in the next 12 months – Will be making organic fertilizer Need to have a network – Mr Smith would like to get to know the farmers. Homa Bay County International Investment Conference Analysis of Expressions of Interest INVESTOR SUPPLIER FINANCE OTHER Social Services and Tourism Tourism: Takawiri Tourist Lodge & Hotel 1 1 GorMahia Sports Complex 2 GorMahia International Convention Centre 1 Education: Tom Mboya University Students’ Hostel 2 1 3
  38. 29 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 INVESTOR SUPPLIER FINANCE OTHER Health Services: County Referral Hospital Water Services & Environment: Water Treatment Plant Rural and Urban Water Supply 1 2 Urban Sanitation project Environment Management and Conservation: Sagla® Parks Forest conservation Other/Non Specific 3 1 6 Agri-Business,Trade & Manufacturing: Agriculture, Fisheries & Livestock Horticultural Crops Production Mechanization of Rice Production 1 Coffee Milling Plant Cotton Textile Industrial Cluster 2 1 Poultry Slaughter House Aquaculture 1 Cage Fishing 1 Fish Processing Plants 1 3 Fish Auction/Processing Centres Dairy Development Project 1 Trade & Manufacturing: Feeds Industry Cassava Processing 1 Pineapple/multi-fruit Processing 2 Kigoto Maize Milling 1 2 Textile and Apparel
  39. 30 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016 INVESTOR SUPPLIER FINANCE OTHER Shopping Complex Oyugis and Homa Bay Market upgrade Other/Non-Specific 2 1 8 Infrastructure, ICT and Energy Infrastructure: Homa Bay Airport Water transport Real Estate 1 1 2 Offices/Commercial Tom Mboya Admin and Computer Lab 1 University Staff Quarters Homa Bay County HQ Energy & Natural Resources: Solar Power 1 Wind Power 1 Mini Grid Hydro 1 Biomass Energy 3 2 1 Cement Plant 1 Construction Materials 1 2 Housing 1 3 ICT: Revenue Automation 1 1 Integrated Health Management System Other/Non-Specific 1 1 2 Notes to the above analysis: 1. A number of forms express interest in more than one project 2. Several forms express a general interest in the sector and have been classified above as “non-specific” 3. Several forms seem to be looking for support from the County and other parties for their own businesses/enterprises rather than interest in the sectors or projects 4. Some forms are generic or difficult to establish the area of interest and have been classified as non-specific
  40. 31 HOMA BAY INTERNATIONAL INVESTMENT CONFERENCE HOBIIC 2016
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  42. Homa Bay International Investment Conference (HOBIIC, 2016) POST CONFERENCE REPORT OF INVESTMENT CONFERENCE HELD ON 18 – 19 FEBRUARY 2016 COUNTY GOVERNMENT OF HOMA BAY CONFERENCE REPORT United Nations Human Settlements Programme P.O.Box 30030, Nairobi 00100, Kenya; Tel: +254-20-7623120; Fax: +254-20-76234266/7 (central office) Infohabitat@unhabitat.org www.unhabitat.org www.unhabitat.org
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