Locus congratulates Kenya's Konza Techno City, which recently signed an agreement with the government of South Korea to establish a public research university valued at US$100 million. The Korean Advanced Institute of Science and Technology (Kaist) will establish the university, helping Kenya achieve its goal of developing information and communication technology industries.
Locus founder and CEO Jean-Paul Gauthier provided assistance to Konza City in partnership with the World Bank / International Finance Corporation.
Konza Techno City is about 60km south of Nairobi and aims to become a sustainable, world-class technology hub with a vibrant mix of businesses, workers, residents, and urban amenities. The Ministry of Information, Communications, and Technology, which is responsible for the city, expects it to generate 17,000 direct jobs by the end of 2018 and have 200,000 residents in the city by the end of 2030. It also anticipates that the city will contribute to the growth of GDP by 10% annually.
The city aims to attract ICT enterprises through world class infrastructure and technology that facilitates research, education, and business. Phase 1, which will include the university, is slated for completion in 2018.
Locus has provided integral legal and policy assistance to Kenya's new SEZ program since 2011.