The first private special economic zone (SEZ) in Kenya focused exclusively on services has been set up in the capital Nairobi, aimed at furthering the country’s position as a regional hub for tech talent and companies. The Two Rivers International Finance and Innovation Centre (Trific) was officially established as an SEZ in June 2023. The free zone will span 259,000 sq m in the Gigiri/Runda neighbourhood across an existing 412,800 sq m mixed-use development, which includes offices, a hotel, residential apartments and shopping mall. High-growth sectorsTrific is aiming to attract companies in the business process outsourcing (BPO), technology and financial services sector. Competition with other free zonesThere are 24 other free zones in Kenya, including Tatu City in Nairobi, but most are more focused on attracting manufacturing, agriculture and logistics companies.

Source: The North Africa Journal August 29, 2023 11:40 UTC