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Plans afoot to construct Dongo Kundu SEZ

Friday, 20 Sep 2019
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Plans are afoot for construction of the much awaited Dongo Kundu Special Economic Zone (SEZ). The Kenyan government recently signed a memorandum of understanding (MoU) with Japan for its implementation.

The USD 391 million project is expected to unlock more than 60,000 jobs in Mombasa. The construction will commence after inking the final deal with the government of Japan in December 2019.

Funds to finance the project will be granted to the government of Kenya by Japanese counterpart. About 85.92 percent of the entire amount will be a loan, while the rest will be a grant.

Additionally, the MoU which was signed in August 2019 during the Tokyo International Convention on Africa Development (TICAD) in Japan, it states that the loan and the grant are expected to end within a period of three years, after the completion of the project.

The Dongo Kundu SEZ industrial and commercial hub project is a part of a master plan for the development of the Mombasa SEZ that was conceived four years ago. It is expected to be executed in phases on a 1,326 ha of land with the Phase-I projected to be ready by June 2022.

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