SEZ taps industry veterans as executives

Trific Chief Operating Officer Justus Kariuki. [File, Standard]

Mr Kariuki was previously the executive vice president at Tatu City, a private SEZ located in Kiambu County, where he spearheaded the operationalisation of the zone.

He has more than 23 years of cumulative work experience, including 13 years in public service and a decade in senior management.

Trific has also completed the successful acquisition of certain assets of TRDL.

The assets include 1.2 million square meters of development rights on the Two Rivers Land and TRDL's interests in the utility companies, Two Rivers Power Company Limited and Two Rivers Water and Sanitation Company Limited.

Following the completion of the relevant acquisition agreements, Trific is now set for the next phase to catalyse investment and FDI into Kenya through the first-ever SEZ Business Service Park in Kenya. The SEZ gazetted area spans over 64 acres and includes the Trific Tower annexed to the Two Rivers Mall, which is now available for client viewing and space allocation.

Land balance

The 64 acres that have been gazetted as an SEZ area is part of the 80 acres acquired from TRDL.

The balance of the land will be utilised by Two Rivers Land Company (SEZ) Limited for purposes of providing infrastructure and supporting amenities that would not be part of the SEZ.

Trific has already elicited investor interest across borders and in various sectors, including BPO's, fintech, insurance, finance and investments and consulting firms among others.

Three international companies have already booked over 9,000 square meters of office space with a pledge to create about 5,400 jobs by the end of 2023.