The Two Rivers International Finance & Innovation Centre Special Economic Zone (TRIFIC SEZ) aims to pioneer a new era of economic growth and innovation in Kenya and beyond, says Brenda Mbathi, CEO, TRIFIC SEZ.
“We believe in the power of collaboration, and TRIFIC represents a groundbreaking initiative. Our mission is to provide a next-frontier gateway for service-oriented enterprises, offering them unparalleled opportunities to access regional and international markets,” Mbathi explained.
“One of the key pillars of TRIFIC's significance lies in the strategic tax incentives we offer. Operating within our SEZ provides businesses with enhanced tax benefits, giving them a competitive edge in the market. This not only attracts foreign investment, but also encourages local businesses to thrive and innovate,” she added.
TRIFIC’s strategic location within the esteemed Two Rivers Urban Node in Nairobi's diplomatic blue zone provides businesses with access to international embassies, prestigious institutions and a thriving financial ecosystem. Its proximity to Jomo Kenyatta International Airport also facilitates global connectivity for businesses based within the zone.
“TRIFIC boasts a strategically designed range of facilities, technologies and regulatory frameworks to attract and support service-oriented businesses aiming for a competitive edge in international markets, with a particular focus on finance and innovation,” said Mbathi.
As an SEZ, TRIFIC operates within a regulatory framework that is conducive to business growth and innovation, Mbathi explained. “We work closely with regulatory bodies to streamline processes and ensure compliance, providing businesses with the confidence to operate efficiently and effectively.”
TRIFIC has an important role in shaping policy decisions, regulatory frameworks, and economic strategies to enhance Kenya’s position as a business hub. Part of that involves maintaining proactive engagement with Kenyan governmental bodies and other relevant stakeholders.
“TRIFIC serves as a representative voice for its stakeholders, advocating for policies that promote economic growth, investment, and innovation,” Mbathi explained.
She shared that its role as a catalyst for economic growth and development sees TRIFIC help attract foreign investment, stimulate entrepreneurship, and drive economic diversification in key sectors. TRIFIC also engages with other governments and international organisations to promote collaboration and partnerships that benefit Kenya's business environment.
One of TRIFIC's most impactful roles for Kenya is that it’s poised to generate significant export earnings and contribute to GDP growth, while also unlocking broader economic and social opportunities for the local community and Kenya at large.
“TRIFIC serves as a catalyst for job creation, providing employment opportunities for local residents across various sectors, including finance, technology, administration, and support services,” Mbathi shared. “By attracting foreign investment and stimulating entrepreneurship, TRIFIC generates employment opportunities that contribute to poverty alleviation and socioeconomic development.”
The entire TRIFIC ecosystem is designed to encourage collaboration and knowledge sharing among all the professionals based there. The SEZ also invests in talent development initiatives to ensure that businesses have access to the skilled workforce they need to succeed.
Mbathi explained that TRIFIC also stimulates supply chain development, invests in infrastructure, fosters innovation, and engages with the community. “Through its multifaceted approach to economic development, TRIFIC seeks to create a sustainable and inclusive environment where businesses, professionals, and communities can thrive and prosper together,” she said.
“The future of TRIFIC is bright and full of potential,” commented Mbathi. “With plans for expansion, new partnerships and initiatives focused on innovation and sustainability, TRIFIC is poised to make a significant impact on the concept of Special Economic Zones in Africa and beyond. Stakeholders can look forward to exciting opportunities for growth, collaboration and prosperity in the coming years as TRIFIC continues to evolve and expand its footprint in the region.”
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