Homa Bay International Investment Conference is off to a strong start with its pre-conference event in Homa Bay town showcasing the county's readiness for international investors.
The 3-day event is set to take place from February 27th to 29th, 2024, and aims to draw both international and local investors to tap into the county's investment potential.
Speaking during the pre-conference in Homa Bay, the deputy governor, Hon. Joseph Oyugi Magwanga encouraged local investors to prioritize creating employment within the county, which he believed would help reduce crime.
“Our county also has immense potential for tourism development along the lakefront. I therefore urged investors to consider this opportunity,” said Magwanga.
The county executive member for Tourism and Investment, Hon. Polycarp Okombo outlined plans for the upcoming international investment conference, highlighting the possible attendance of US and Polish ambassadors.
“We have laid a lot of emphasis on our investment prospects in agribusiness, focusing particularly on edible oils such as palm oil. We want to harness the potential of our resourceful county through this opportunity,” Okombo said.
Other county officials presented viable investment opportunities in their respective departments, showcasing the diverse range of options available to potential investors.
Local investor Mr. Aguko Juma, a successful farmer and former county executive, underscored the profitability of agriculture and encouraged attendees to consider investing in the sector for community development.
The conference is anticipated to lead to the signing of Memorandums of Understanding (MoUs) between the county government and businesses, as well as business-to-business agreements.
Homa Bay County, with 80% of Lake Victoria within its borders, also foresees a surge in tourism once investment opportunities are realized.
In preparation for the February 2024 conference, pre-investment conferences are being conducted in Homa Bay town and other major towns across the country.
The Homa Bay pre-investment conference drew a robust turnout of local investors eager to contribute to the county's development.
Among officials present, included the county assembly speaker, Hon. Julius Gaya, majority leader, Hon. Richard Ogindo, county executive committee members, members of county assembly and local investors, demonstrating the government's support for local investment.
The Homa Bay pre-investment chapter demonstrated the county's dedication to attracting both local and international investment, setting the stage for a successful international investment conference in February 2024.