November, 19, 2024, the National Assembly’s passed the Technopolis Bill (National Assembly Bill No. 6 of 2024). This groundbreaking legislation aims to establish a comprehensive framework for governing tech hubs across the country, in pursuit of economic growth and technological advancement.
The Bill seeks to create the Technopolis Development Authority as a replacement of Konza Development Authority to remove the regional connotation tied to Konza. The authority will govern the establishment of all Technopolises in other counties.
“As we speak today, Konza remains the only Technopolis in Kenya, but with this Bill, we can pave the way for similar hubs across the country. From Wajir to Mandera, Kisii to Tharaka, if the land allows, we can establish these innovation hubs to drive technological growth and economic development,” stated Hon. John Kiarie (Dagoretti South), mover of the bill.
The Konza Technopolis Framework
The Konza Technopolis, a pioneering government-sponsored Special Economic Zone (SEZ) located in Machakos County, serves as a blueprint for the envisioned technopolis hubs. Often dubbed “Africa’s Silicon Savannah,” , Konza technopolis is a visionary project established in 2008 in Malili, Machakos County. The project is envisioned to transform Kenya into a global technology hub. Encapsulated within Kenya’s Vision 2030, this ambitious initiative aims to create a world-class technology city, attracting global tech giants, startups, and investors.
Since its inception, Konza Technopolis has made significant strides including attracting substantial investments in infrastructure. The Special Economic Zone has also forged strategic partnerships with international technology companies and global organizations to collaborate on research, development, and innovation.
Impact on Real Estate
Konza technopolis has definitely has a major impact on the Real Estate market. For starters, land values within the Konza area in Machakos have been in a steady rise since the Special Economic Zone was established. The tech hub has also attracted infrastructure development in the form of roads, internet connectivity, and electricity. The technopolis has also established it’s position as a leading destination for commercial real estate housing several sectors. In July, Riara University broke ground for a new branch at Konza while President Ruto launched the Open University in August, 2023. The SEZ also supports startups to set up businesses at the hub and has made major partnerships with several United Nations bodies.
The Technopolis Bill is expected to have a profound impact on Kenya’s real estate market. As tech hubs emerge across the country, they will lead to infrastructure development and a surge in demand for commercial and residential real estate. Key areas to watch include, student housing, education facilities, office space and retail spaces.
The Technopolis Bill represents a significant step forward for Kenya’s technological aspirations. By creating a conducive environment for innovation and entrepreneurship, the country is poised to become a global tech hub. As these technopolis hubs take shape, they will not only drive economic growth but also reshape the country’s urban landscape.
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