By Eddah Waithaka
Nyanza emerges as the prime destination for the Nyanza International Investment Conference (NIIC), poised to unlock a wealth of investment opportunities while addressing critical development challenges. This pivotal forum will convene industry professionals to explore strategies for transforming these challenges into viable prospects for private-sector investors—key players in driving sustainable growth. By harnessing cutting-edge technologies and fostering innovation within the Blue Economy, alongside a robust emphasis on research and active Diaspora engagement, NIIC aims to empower the region and catalyze a new era of economic development that benefits all stakeholders involved.
Speaking on Friday, Japh Olende, the chairperson of the NIIC, stated that the region possesses qualities that make it attractive for securing beneficial investments.
During a media briefing about the upcoming conference scheduled for February 6 to 8, 2025, at the Ciala Resort in Kisumu County, Olende emphasized that the presence of Lake Victoria in the region is a crucial factor for hosting the event.
He noted that Nyanza is home to Lake Victoria, which is not only Africa’s largest lake but also the second-largest freshwater lake in the world. This presents a significant opportunity for the Blue Economy to flourish in the region.
“Investments in the Blue Economy can be easily realized here. With the lake situated in the area, hydroelectric power also emerges as a viable opportunity for investors,” he remarked.
He emphasized that Nyanza has often been overlooked during investment discussions in the country, which is why it was selected as a focal point. He believes that it is now time for Nyanza to be revitalized.
The upcoming high-level conference is expected to host President William Ruto, former Prime Minister Raila Odinga, along with various Cabinet and Principal Secretaries from the region.
At least 600 delegates are anticipated to attend, including numerous investors from China, Turkey, Europe, and the USA. A major focus of the conference will be on reducing tariffs to promote business growth in the area.
