Vipingo SEZ Secures $800M Investment

Published: 23 Sep, 2025 07:59 Sources: S1 S2 Category: Business Language: English Country: Kenya

S 1 - 2 D I ID RK RT C - 0

KCB Group and African Export-Import Bank (Afreximbank) signed an $800 million financing deal to operationalize the Vipingo Special Economic Zone (SEZ) in Kilifi County. Afreximbank will provide $500 million and KCB $300 million to support investors in manufacturing, agro-processing, logistics, and value-addition sectors. The framework offers project finance, trade facilities, guarantees, and advisory services. The initiative aims to attract domestic and foreign investment, strengthen export-oriented industries, and position Vipingo SEZ as a regional industrial hub.