Eleven firms have signed deals with the Laikipia government which will see them invest in key projects in the county.
County executive for Trade and Enterprise Development Jane Putunoi said the the deals, which were signed during the county’s first investor conference on June 18 and 19, were worth Sh5 billion.
“The investor conference was a big success and we did not fail as members of the county assembly are alleging because more investors are going to sign for more investment,” Ms Putunoi said during a press conference on Friday.
Core Ventures Limited, a Kenyan firm based in South Africa, signed a deal for long-term development and financing of Laikipia county headquarters in Rumuruti.
A Durban-based Kenyan firm, Fandes International, signed for the development of Kirimun game reserve. The firm is interested fencing and development of cottages in the reserve.
Former Laikipia West Member of Parliament Nderitu Muriithi expressed an interest in tanning and leather as well as the manufacturing of fertilizer through his Ngare Narok Meat Industries based in Rumuruti.
Ms Putunoi said some investors could not sign the deals as they left before the conference concluded. She said more firms would be coming later.
Last week, the county assembly demanded a report from Ms Putunoi regarding the organisation of the conference, saying it had failed even after the county spent Sh41 million on it.
Speaker Patrick Mariru tasked the Trade and Investment, and Budget and Appropriations committees to investigate issues regarding the conference and report back to the full house.
But Ms Putunoi defended herself, saying the county spent Sh20 million and not Sh41 million in organising the conference.