Investment Opportunities In Kisumu You Can Tap Into

Kisumu town, is the capital of Nyanza province, Kenya, and lies on the northeastern shore of Lake Victoria.

It is the commercial, industrial, and transportation center of western Kenya, serving a hinterland populated by almost four million people.

Kisumu is an important link in the trade route between Lake Victoria and Mombasa because of its water and rail connections.

It is also the chief terminus for the agricultural produce of Nyanza and Western provinces. Industries are centered on processing agricultural products, brewing, and textile manufacturing.

Here is a list of investment opportunities you can venture into after the elections.

1. Agriculture

As more people move from a rural setting to an urban location, more land has been freed for agricultural production in Kisumu county.

Agriculture plays a major role in the economic growth and development of the County, contributing 47 percent to household income.

Crops that do well in the region include maize, beans, sorghum, rice, cassava, finger millet, potatoes, and sugarcane among others.

Agriculture provides an urgent solution to the problem of unemployment in the region.

The sector which has a wide chain and links from the planting, production, transportation, logistics, storage, and value addition can provide alternative employment and absorption of over half the youth with the best multiplier effect.

2. Manufacturing and Industrialization

Manufacturing, a key growth sector is one of Kisumu’s economic and social pride.

The region is endowed with numerous manufacturing factories, malls hotels, etc. which gives it a buzz as an investment zone.

Opportunities are available in the following areas;

• Development of industrial and manufacturing zone. Eg EPZs, COMESA, and the East African Community
• Agro-processing such as fruit processing
• Light manufacturing ie chemical, electrical, and electronics, building and construction metal, metal works, pharmaceutical plants, etc.
• Manufacture of cement

3. Sports Talent and Development

Water sports have not been fully exploited in Kenya!

There exists a huge potential in lake Victoria for water sports such as Cuba diving, sports fishing, etc.

4. Film Industry

The industry serves as a useful tool for tapping the artistic energies of creative Kenyans and can be a vehicle for the diversification of our exports as locally produced films can be marketed in other countries.

The vast open spaces, awesome lakeshore under the clear blue sky, starry nights and misty moonlight, and inviting campfires in Kisumu offer a prime ground for Hollywood and global film fans.

5. Tourism

The country offers scenic tourist attraction sites such as Impala Park, Ndere Island National Park, Kit Mikai Cultural site, etc.

Investment opportunities abound for setting up camping and hotel facilities, water sports tourism and tourism traveling, and tourist traveling services.

6. Fisheries

Lake Victoria fish stock supports millions of livelihoods across the region. The fisheries sector promotes other auxiliary industries such as net making, packaging materials, boat building and repair, transport, sports, and recreation.

Commercially viable fish species include tilapia and Nile Perch for both local and export markets.

In addition, commercial fish farming (aquaculture) has also taken root in the region to help in easing the huge demand for fish, as well as the dwindling stocks of fish in L. Victoria.

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