The Nyanza International Investment Conference (NIIC) has positioned itself as a transformative force in the economic evolution of the region. Held from February 6–8, 2025, at the scenic Ciala Resort in Kisumu, the conference brought together business leaders, policymakers, and investors under one ambitious banner: to unlock Nyanza’s economic potential and drive socio-economic development.
A Star-Studded Lineup of Thought Leaders
This year’s conference featured an impressive array of distinguished guests and partners, highlighting its significance as a premier platform for investment and economic reform discussions. Key figures in attendance included:
H.E. Dr. William Ruto – President of Kenya
Rt. Hon. Raila Odinga – Former Prime Minister
H.E. Prof. Anyang’ Nyong’o – Governor, Kisumu County
Hon. Eliud Owalo, EGH – Deputy Chief of Staff
Mr. Julius Migos Ogamba – CS, Ministry of Education
H.E. James Orengo – Governor, Siaya County
Hon. Gladys Wanga – Governor, Homa Bay County
Charles Hinga – PS Housing
Their presence underscored the strategic importance of the event and signaled a shared commitment to spearhead meaningful economic reforms in Nyanza.
Key Discussions and Insights
Themed “Rising – Towards Economic Transformation for Socio-Economic Growth and Development,” the conference addressed a range of critical topics aimed at catalyzing growth in the region.
1. Attracting Foreign and Local Investments
Discussions focused on positioning Nyanza as an attractive hub for investors, capitalizing on its strategic location, skilled workforce, and natural resources. Key sectors highlighted included manufacturing, agribusiness, the blue economy, real estate, and technology. Kisumu emerged as a central point of interest for its logistics and trade potential.
2. Housing and Urban Development
Charles Hinga, PS for Housing, spotlighted the government’s Affordable Housing Program (AHP). The initiative aims to address urban housing challenges in Kisumu, Homa Bay, and Siaya while creating thousands of jobs in construction.
3. Industrialization and the Blue Economy
Leveraging proximity to Lake Victoria, leaders emphasized the blue economy’s untapped potential in fishing, water transport, and eco-tourism. Industrialization efforts, such as fish processing, reviving cotton farming, and improving sugar production, were also identified as economic game-changers.
4. Infrastructure and Transport Networks
Modernized infrastructure like Kisumu’s port and the revitalized railway system was recognized as pivotal to regional trade, linking Kenya with Uganda and Tanzania. Investments in roads, digital infrastructure, and industrial parks were also prioritized to boost connectivity and productivity.
5. Technology and Innovation
The conference highlighted digital transformation, fintech innovation, and e-commerce as drivers of youth empowerment and economic growth. Private-sector participants like Oracom Group stressed the importance of ICT in shaping Nyanza’s future economy.
Hope for Nyanza’s Economic Growth
With public-private partnerships at the forefront, the conference painted a promising picture for Nyanza’s future. Economic projections include:
- 10% regional GDP growth by 2027, contingent on effective implementation of strategies.
- Creation of over 50,000 jobs in industrialization, agribusiness, and digital sectors.
- Expanded export markets for products like tea, sugar, and fish.
These projections underscore the region’s immense untapped potential and its readiness for a transformative economic breakthrough.
Challenges to Overcome
Despite the optimism, several challenges must be addressed:
- Bureaucracy and Corruption – Investors still face hurdles in securing approvals.
- Infrastructure Gaps – Additional investments are needed in roads, power, and water systems.
- Youth Unemployment – A mismatch persists between skills provided by the education system and job market demands.
- Political Uncertainty – Concerns about political stability and policy consistency remain high.
Resolving these bottlenecks requires strong policy interventions, improved governance, and a more investor-friendly climate.
Media Commentary and Public Perception
The conference has drawn widespread attention, with the media lauding its visionary approach:
- Citizen TV: “A bold step towards economic transformation. If executed well, this could change the fortunes of Nyanza forever.”
- Nation Africa: “With the right policies, Nyanza could soon rival Nairobi as an economic powerhouse.”
- Business Daily: “Investors are cautiously optimistic, but they demand serious commitments from both national and county governments.”
Conclusion: A Call to Action
The Nyanza International Investment Conference has laid a solid foundation for economic resurgence. However, the real challenge lies in translating discussions into actionable results. As the conference concludes, the message is clear:
- Governments must urgently eliminate barriers to investment.
- Private-sector players should capitalize on the opportunities presented.
- Citizens must hold leaders accountable for effective project implementation.
With determination and collaboration, Nyanza’s economic transformation is not just a dream but an achievable reality. The region is rising, and this is only the beginning.
