Investment Opportunities Available in Mombasa County

By Vera Shawiza / January 10, 2018



Investment Opportunities Available in Mombasa County

Mombasa boasts a population of over 1.2 million residents, making it one of the largest cities in Kenya. The county is home to some of the country’s largest industries, including cement, grain milling, and apparel.

Mombasa currently offers a range of unique Investment opportunities in key sectors, together with a vibrant business ecosystem and a County government committed to the ease of doing business.

The county is an established logistics hub connecting Kenya and East Africa to the rest of the world.

Mombasa county is home to the largest Port in East Africa with a capacity to handle over 20 million tonnes and 1 million containers per annum., it also has an International Airport, the Moi International Airport.

As an established industrial and logistics hub, Mombasa has thriving commercial support structures with amazing lifestyle opportunities.

Amenities make Mombasa a great place to work and live. There is world class housing, healthcare and schooling options within the county. Shopping malls, cinemas, restaurants are also available together with a number of cultural heritage and stunning beaches.

Fort Jesus Mombasa

Tourism

Tourism is the major economic hub of Mombasa. Many tourists visit the Old Town and Fort Jesus. The Nyali, Bamburi, and Shanzu beaches are located north of the city. The Shelly, Tiwi, and Diani beaches are located south of Mombasa. Several luxury hotels exist on these beaches, while the less expensive hotels are located further away.

Kenyan tourism sector is having a remarkable recovery from the electioneering period as it benefited from improved security, successful conference tourism and aggressive marketing in the domestic and international markets. These are the top most investment opportunities in the county of Mombasa.

Hospitality

The hospitality industry at Mombasa has not reached its optimal yet and this is usually experienced during the festive season whereby most of the hotels are fully booked in advance leaving last-minute tourists stranded and without alternative options.

There is still a viable opportunity for an upcoming investor.

In the 2016-2017 financial year, the County Government of Mombasa had planned to return the sector to prosperity and targeted 1.4 million inbound tourists and raise 94.6 billion shillings in revenues as a result.

Data from the Tourism Ministry showed that international tourist arrivals to the country increased by 16.7 per cent to 877,602, from January to December last year, attesting to a change in fortunes for the sector that had taken a heavy beating from among other factors, increased incidents of insecurity, especially at the Coast. The ministry attributed the marked good performance to improved security and advertising in source markets.

As the sector continues to grow, more investors can make use of the opportunity and put up more hotels for the increasing number of tourists.

English Point Marina


Construction

Mombasa’s growing population, expanding the economy and large-scale infrastructure developments offers new investment opportunities. Well-developed construction sector positions the county among suitable areas for investment.

There are around 40 reputable contractors, eight technical training institutes offering courses relevant to the construction sector and the National Construction Authority and National Housing Corporation offices.

Mombasa was the first Kenyan County to launch an e-Construction Permit in 2015.

Recent iconic construction investments in Mombasa have included the state of the art English Point Marina and The Shaza.

There is an estimated demand for 20,000 affordable housing units per year. The county is also seeking investors for development on 800 acres of prime land within the county.

There is integrated Strategic Urban Development Plan identifying multiple construction related investment opportunities. Also, there is Multiple opportunities linked to the expansion and upgrading of the port and development of the Dongo Kundu Special Economic Zone.

China "a gift bestowed from heaven" for Africa in Railways Infrastructure

Transportation at the SGR terminus

Mombasa County is known as the hub of road and rail network through East and Central Africa.

With the SGR being implemented there have been certain concerns over the inaccessibility from the Mombasa terminus. Passengers have to walk for about 300 meters posing a challenge for those with luggage. There is, therefore, an opportunity to come up with a transportation solution for the passengers.

Transportation in the CBD

Tourists in Mombasa have to commute around Mombasa once they are there for the holidays. The main means of transport in the region is ‘Tuktuks’ and Public transportation. An investor can tap the market by providing convenient, comfortable and an affordable means of transportation

Garbage collection

Mombasa county has been having complaints of heaps of garbage in the CBD. This is becoming a menace for the city and the county government. An investor can get opportunities in terms of supplying garbage collection materials and trucks in the county.

 



About Vera Shawiza

Vera Shawiza is Soko Directory’s in-house journalist. Her zealous nature ensures that sufficient and relevant content is generated for the Soko Directory website and sourcing information from clients is easy as smooth sailing. Vera can be reached at: (020) 528 0222 or Email: [email protected]

View other posts by Vera Shawiza


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