INVEST IN MALINDI NOW

EDWARD M.D. KARANI - THE TOWN CLERK

According to the Town Clerk, Mr. Edward Karani, the establishment of the SPA Project is one of the most recent projects to be proposed by the council. Also completed is a new market and bus park project. The two undertakings were completed last December. Some of the short term projects planned by the council include the rehabilitation of town planning, recarpeting and repair of roads and installation of street lights. The local authority is also planning to construct a sewerage system to serve the whole town.

INVITATION FOR INVESTMENT

The situation of these hotels is that, due to lack of International marketing and promotion, have become ripe for sale.

We are actual looking forward to change this situation by approaching serious and potential foreign clients and investors under a special aspect of a changed character of only making holidays here at the beach.

A concept has been worked out to create a brand new image of tourism for this quasi hotel chain. This is a self proven old established European concept done by professionals on many places in the world with big success right at the beach with private investments.

There is an opportunity to develop a

40 km beach strip area with Malindi as the center, Watamu to the south and Mambrui to the north, with an partly existing tarmac beach road as the natural border countryside and many empty beach plots stretching to the sea.

The idea is to fill the gaps between the existing hotels with new developments and infrastructure services along the new Beach Boulevard under a Spa concept, whereby the mentioned 5 hotels are situated inside this area. Many different developments under the roof of this Spa Hotel concept will give the town the new image of a Spa Cure town with many facilities for vacation, relaxation, rejuvenation, health care etc. This will open new market strategies that has never been seen before.

The investment volume is estimated at 10-15 Mill. US$ as the initial acquisition, further venture capital depending on individual needs.

First confidential contacts with the Municipal council of Malindi-Mambrui-Watamu have shown big interest and backing and support of the Town Clerk is assured already.

Based on this initial background an extension of this project with other accompanied infrastructure projects can be foreseen in the next future.

Several interests of international finance groups has been shown that this development is a step into the future and can be the trend change from the conventional traditional Kenya tourism to a modern way of International tourism profile.

If you believe that your potential and your impact can be helpful to support this extensive project, or if you wish to participate in this venture please call the undersigned to negotiate a meeting on site and to discuss further action.

KENYA AFRICA's PRIDE

Kenya has one of the most prosperous economies in all of Africa. It is the center of East African economic growth and the principal point of export for many countries in the region. Recent efforts by the Kenyan government that encourage privatisation and foreign investment and partnerships have made Kenya one of the most open countries for investors in the region, and indeed in all of Africa.

Why Invest in Kenya? There are many good reasons for investing in Kenya. The following are some of the key reasons:

1. Political Stability

Kenya has had a stable government since independence in 1963 and has a strong political commitment towards promoting private sector investments for sustained economic growth.

2. Liberal Economic Policies

Over the past five years the Government has introduced liberal market oriented policies and reforms to improve the investment environment, Exchange Controls have been liberalised, prices decontrolled, import licensing abolished and a major Privatisation and Parastatal Reform Program initiated.

3. Resources and Infrastructure

Agriculture is still the dominant sector of the economy with enormous potential for growth in agro-processing activities. Horticulture, fishing and livestock hold unlimited potential for further development, while natural attractions, and beautiful sceneries such as mountains, lakes, rivers, game parks and an excellent tropical-eumtemperate climate offer tremendous investment opportunities in tourism. The infrastructure is progressively being improved to meet the, needs of the expanding economy. A well developed financial sector, road and air network, port facilities and telecommunications services provide adequate infrastructural back-up to industrial development.

4. Competitive Incentives

In support of private sector development, Kenya offers a very competitive incentive package which includes duty and tax-free facilities, investment allowance, unrestricted repatriation of capital and profits, as well as relatively low tax rates. Various programs are in place for enterprises producing specifically for export.

5. Investment Guarantees

The Foreign Investment Protection Act (FIPA), guarantees investors easy repatriation of capital, dividends and after tax profits in the currency of their choice. The Act also protects foreign investment against expropriation. In addition, Kenya is a member of the Multilateral Investment Guarantee Agency (MIGA) and the International Center for the Settlement of investment Disputes (ICSID),

6. Skilled Labour

The country has an abundant supply of educated, trainable, mobile, skilled and inexpensive labour in most sectors of the economy. A number of trade unions are registered under the trade Unions Act. They are organised by industry rather than craft and union membership is voluntary. There is a well established industrial court for settling labour disputes. A cordial system of industrial relations has developed over the years.

7. Market and Location

Kenya has a relatively large and growing domestic consumer market of approximately 24 million people. The country's strategic location provides easy access to the Common Market for Eastern and Southern Africa (COMESA), with a combined population of 300 million people, membership of the African, Caribbean and Pacific States (ACP) and the Generalised System of Preference (GSP) guarantees preferential tariff treatment and duty free entry to the European Union and the United States respectively for many of its agricultural commodities and products.

8. Living Conditions

Kenya's excellent climate, good educational shopping and recreational facilities together with the cordial hospitality of her people, make living in the country very pleasant.

INVESTOR's PARADISE

FOR BETTER ECONOMIC REWARDS TO INVESTORS MALINDI HAS THE FOLLOWING TO OFFER:

• Strategically situated between Mombasa and Tana River / Lamu.
• Municipality extends along the sea-shore Mambrui and Watamu township.
• Healthy and conducive climate for all man-kind.
• Very peaceful, friendly and welcoming people.
• Estimated population of approximately 150,000 people.
• Clean, reliable piped water supply from the giant Sabaki water project,
• Main electricity supply from Mombasa passes through the town.
• Reliable road network and magnificent new Sabaki Bridge.
• Excellent surrounding environment conducive for both dairy and horticultural farming, fishing and tourist related business.
• investment background and foundation information