By Anderson Ojwang
Kisumu is turning out as an investment hub for Kenyans in the diaspora as it is attracting various investments.
Already a group of Kenyan diasporas in the United States of America (USA) and other countries are investing Sh 1 billion in housing infrastructure.
The group, Wema Magharibi are building ultra modern140 housing units in a five acres lands in the ;leafy Riat area.
Kisumu County Executive Committee Member *CEC) in charge of Lands and Physical Planning Mr. Jerome Ochieng said the group is committed to investing in the housing projects in the region.
“The works on the project are 60 percent complete and we hope by next year the houses will be complete for occupation,” he said.
Ochieng said the investors considered Kisumu as their destination for choice to invest in and left other towns and cities because of the emerging opportunity and projected returns on investments.
Deputy Governor Dr Mathews Owili said the investors confidence on Kisumu has triggered more investors to the region and this is making the town as investment hub.
He said the ultra-modern housing facilities will open the Western Kenya tourism circuit for both international and local tourists.
“We want to market and open the western Kenya tourism circuit and through such investments by the diaspora and other investors, the circuit is going to be a destination of choice,” he said.
The Deputy Governor said the county government of Kisumu was wooing various investors to the region and already the initiative is bearing fruits.
He said last Saturday, former Prime Minister Raila Odinga launched LV Marina, a waterfront, a specially designed harbour with moorings for pleasure yachts and small boats.
The investment is by private-driven investors aimed at opening the Kisumu Lake Front as a tourist destination.
The facility will give the visitors and residents of Western Kenya the opportunity to enjoy the lake’s ambience and relax.
The facility will have apartments, Playgrounds, yachts and other social amenities
The Deputy Governor said such investments were creating job and business opportunities for the locals
