VISION AND MISSION
VISION
A leading global Technopolis and innovation hub
MISSION
To develop a thriving sustainable smart city and a vibrant innovation ecosystem contributing to Kenya’s knowledge Economy
The Government of Kenya established the Konza Technopolis Development Authority (KoTDA) as a special purpose entity to facilitate the development of Konza. The mission of KoTDA is to ensure that Konza grows into a sustainable, world-class technology hub and a major economic driver for the nation, with a vibrant mix of businesses, workers, residents, and urban amenities. KoTDA is responsible for overseeing the development and management of Konza, and for establishing a strong value proposition for businesses to locate and expand in Konza. KoTDA’s Board of Directors was appointed in 2013. The Board is currently overseeing the development of infrastructure for Phase 1 of Konza.
OUR MANDATE
Market and promote
Establish a strong value proposition to encourage businesses to move to Konza. Attract real estate developers and prospective tenants.
Finance public infrastructure
Secure funding from the Central Government to provide incentives, services, and infrastructure to move Konza forward. Redirect, in a flexible and independent manner, the national government funding secured. Collect user fees, assessments, and other revenues, and re-invest the funds generated back into Konza. Borrow capital funds at attractive market rates, in order to effectively leverage resources, with the resultant debt being serviced by either revenues generated by the project, national government guarantees, or both..
Manage distribution of parcels
Lease Konza land through a 99-year ground lease from the federal government. Negotiate sub-leases with developers for parcel development.
Develop public infrastructure
Oversee real estate development and fund physical infrastructure, either independently or through public private partnerships (PPPs).
Regulate development
Guide real estate development according to master plan principles. Create and administer incentives to businesses.
Manage transaction services
Facilitate business at Konza through expeditious and clear one-stop procurement and permitting. Provide and oversee PPP provision of high-quality services. Collaborate with appropriate governmental entities to obtain high-quality municipal services.