Kenya’s Export Processing Zones Authority Reports $1.2 Billion in New Investments

Kenya’s Export Processing Zones Authority (EPZA) has attracted $1.2 billion in new foreign direct investment since 2023, creating 35,000 jobs. New tenants include Turkish textile giant Kipaş, Indian pharma firm Cipla, and Chinese electronics assembler Foxconn. The investments span apparel, medical devices, and mobile phone assembly, with 80% of output destined for EU, U.S., and AfCFTA markets. EPZA credits streamlined licensing, 10-year tax holidays, and reliable power in Athi River and Mariakani zones. The authority aims to double FDI to $2.4 billion by 2026, making EPZs a cornerstone of Kenya’s industrialization and export-led growth strategy.