Kericho budget estimates 2023/24 show county investing in industrial park

by KenyaPolls

Kericho County Government has revealed its 2023/24 budget estimates, highlighting a major investment in the development of an industrial park aimed at boosting local manufacturing and creating job opportunities. The budget, approved by the County Assembly, earmarks funds to establish modern infrastructure, attract investors, and promote small and medium enterprises within the county.

County officials say the industrial park will serve as a catalyst for economic growth, leveraging Kericho’s strategic location and skilled workforce to attract local and foreign investors. The project is expected to provide employment for youth and contribute to revenue generation, aligning with the county’s broader development agenda outlined in the Annual Development Plan. The budget also allocates resources for complementary initiatives, including road upgrades, water supply, and energy access, to ensure the park’s operational success.

Community leaders and business stakeholders have welcomed the move, noting that it signals the county’s commitment to industrialization and sustainable economic development. Officials indicate that consultations with investors and detailed planning for the industrial park will commence soon, with the expectation that the project will significantly transform Kericho’s economic landscape in the coming years.

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