EPZA New Board Chairman Richard Cheruiyot Takes Over, Vows Innovation

• Richard Cheruiyot takes over as EPZA Board Chairman, succeeding Ben Olunya.
• EPZA's activities will continue to align with the Bottom-Up Economic Transformation Agenda (BETA).
• The new Board Chairman has prioritized innovation in the pre-investment process to enhance investor experience.

He added that EPZA would prioritise innovation to enhance the pre-investment process and ensure that EPZ investors set up and commence their operations faster.

Richard Cheruiyot, a seasoned advocate of the High Court, has taken over as the new Board Chairman of the Export Processing Zones Authority (EPZA). He succeeds Ben Olunya in the position. The handover ceremony was held at EPZ Athi River and attended by key stakeholders from the EPZA Board and Senior Management.

The new Board Chairman has emphasized the importance of the EPZ Program managed by EPZA in achieving the Bottom-Up Economic Transformation Agenda (BETA). He highlighted that EPZA's activities will continue to align with this agenda, focusing on increased manufacturing and value-addition activities. This is aimed at boosting the value of finished export goods from Kenya to the global market.

In his inaugural address, Cheruiyot stressed that EPZA will prioritize innovation in the pre-investment process. He aims to enhance this process to enable investors to set up and commence operations faster. This move is expected to attract more investments to the Export Processing Zones.

Lawyers and compliance officers should watch for potential changes in the pre-investment process and regulatory priorities under the new board chairman, which may impact clients with investments or plans to invest in Export Processing Zones.

Source: Original reporting via [Source]