The Two Rivers International Finance and Innovation Centre (Trific) SEZ, a subsidiary of Centum Investment Company, has secured Sh6 billion ($47.5 million) from Vantage Capital, a pan-African investor.
This investment will fund the acquisition and development of office space within the Trific SEZ, located strategically in Nairobi’s Gigiri area. The project includes acquiring the existing TRIFIC North Tower (14,975 sq m) and constructing a new office tower, adding 76,800 sq m of leasable space for SEZ enterprises.
Trific SEZ aims to create a world-class business environment featuring advanced technology, strong regulations, and access to the broader Two Rivers ecosystem, which is renowned for its residential areas, dining options, retail stores, and entertainment venues. This integrated approach is designed to give businesses a competitive edge and attract foreign direct investment.
Trific SEZ has already secured bookings for the Trific North Tower from 14 SEZ enterprises and has additional companies in the pipeline seeking to join the zone. These companies, which span sectors such as BPOs, shared service centers, regional headquarters, and investment holding corporations, are expected to create an estimated 10,000 jobs and generate $65 million in foreign direct investment.
Annual exports of services from the SEZ are projected to reach $390 million.
“We are excited to have attracted such an investment,” said Trific SEZ CEO Brenda Mbathi. “This signifies strong confidence in the ecosystem we’ve created.” Vantage Capital representatives echoed this sentiment, highlighting the project’s potential for job creation and foreign direct investment.
Centum Investment CEO James Mworia emphasized the project’s contribution to enhancing Kenya’s appeal to foreign investors and praised the government’s efforts in establishing a favorable operating environment through initiatives like Special Economic Zones.
