@DailyNation

Conducive business environment for SEZs will uplift the economy - 7 months ago, 11 July 21:45

By: Peter Warutere

Since China established the first special economic zone (SEZ) in 1979, many other countries have adopted the model to drive their economic growth, expand exports and create jobs.

The economies of India, Dubai, Korea, Mauritius, Singapore and others that have created new investment opportunities in exclusive business zones have benefitted from rapid economic growth. Even though there are a few classic cases of failure, newcomer Kenya hopes to use SEZ to achieve economic transformation where other policy prescriptions have failed.

The most captivating story about SEZ is how China transformed Shenzhen from a small fishing village with a population of 30,000 to a cosmopolitan of more than 12.5 million people with a gross domestic output of over $330 billion by 2017 estimates.

MIRACLE CITY

The “miracle” city is now the fourth-largest (after Shanghai, Beijing and Tianjin) population-wise but has the second-highest per capita income of $2,100 — just short of ...
Read More


Category: topnews news

Suggested

1 hours ago, 00:05
North Korea looking for home-grown, sanctions-proof energy

Power-strapped North Korea is exploring two ambitious alternative energy sources, tidal power and coal-based synthetic fuels, that could greatly improve living standards and reduce its reliance on oil ...

Category: topnews news
1 hours ago, 00:05
Tanzania, Uganda overtake Kenya in major infrastructural projects

Kenya’s East African peers will race past it as the new home for mega infrastructure projects in 2019, thanks to President Uhuru Kenyatta’s austerity measures. Debtwire, an intelligence service that ...

Category: topnews news
1 hour ago
Referendum can’t be about selfish agenda of leaders

The conversation on the Kenyan Constitution after the fabled March 9 handshake has remained narrow and self-serving. Where it should be on the country and her people, it remains solidly on the leaders ...

Category: topnews news
1 hours ago, 00:37
It’s hard to believe abortion, says Caroline’s father Mbai

Caroline Mwatha’s father Stanslaus Mbai on Friday said he was dissatisfied with the postmortem that showed the activist died from excessive bleeding.Chief government pathologist Johansen Oduor ...

Category: topnews news
1 hour ago
Canadian, Kenyan teams burn midnight oil working on HIV vaccine

Kenyan and Canadian researchers are working on what they say is a promising new HIV vaccine. Based on the chicken pox vaccine, the concept has been tried among 44 HIV negative women in Nairobi with ...

Category: topnews news
1 hours ago, 00:08
No raids were carried out at my homes, says Balala

Tourism and Wildlife Cabinet Secretary Najib Balala yesterday denied reports that his homes were raided by anti-graft officers in a Sh100 million contract inquiry. The CS, however, confirmed that the ...

Category: topnews news