The Two Rivers International & Innovation Centre (TRIFIC SEZ), a premier service-centric business hub located in Nairobi’s diplomatic area, has secured a substantial investment of $47.5 million from Vantage Capital, the largest mezzanine fund manager in Africa.
Boosting Infrastructure and Office Space
This significant financial injection will drive the expansion of TRIFIC SEZ, facilitating the acquisition and refurbishment of an office tower covering 14,975 square meters. Additionally, the investment will support the construction of two new state-of-the-art Grade A office towers, providing a combined total of 76,800 square meters of rentable space.
Integrating with the Two Rivers Community
Businesses operating within TRIFIC SEZ will benefit from integration into the vibrant Two Rivers community, which includes residential areas, dining options, retail outlets, and entertainment venues, creating a holistic and engaging business environment.
Strategic Partnership with Centum
Warren van der Merwe, managing partner at Vantage Capital, expressed pride in partnering with Centum, a prominent investment corporation. He highlighted that the collaboration is set to generate employment opportunities and attract foreign capital into Kenya.
Positive Economic Impact
James Mworia, CEO of Centum, echoed van der Merwe’s enthusiasm about the partnership. He pointed out that the investment will enable TRIFIC SEZ to offer top-tier facilities that will attract enterprises, thereby stimulating the Kenyan economy through job creation, foreign investment, and increased export earnings.
Strategic Advantages and Tax Benefits
TRIFIC SEZ is committed to providing businesses with a strategic advantage through cutting-edge infrastructure, the latest technology, and a favorable regulatory environment. Companies within the zone will enjoy various tax benefits, including exemptions from VAT, relief from import and stamp duties, and a reduced corporate tax rate for the first ten years of operation.
Legal and Advisory Support
The legal aspects of the investment were managed by Werksmans from South Africa and Bowmans from Kenya. Additional advisory support for the transaction was provided by JLL, PWC Kenya, Turner & Townsend, Webber Wentzel, and IBIS Consulting.
This investment marks a significant milestone in the growth of TRIFIC SEZ and the broader Two Rivers Business Park, reinforcing Nairobi’s position as a key business hub in Africa.