Moderna, Taifa Gas deals lift Kenya’s FDI

Taifa Gas plant Mombasa

Kenya’s President William Ruto (left) and Taifa Gas Group Chairman Rostam Aziz during the ground-breaking ceremony of the 30,000-tonne plant at the Dongo Kundu Special Economic Zone in Likoni, Mombasa on February 24, 2023. PHOTO | WACHIRA MWANGI | NMG

The deals Kenya signed with US firm, Moderna, for building a vaccines factory and Taifa Gas of Tanzania for cooking gas refilling plant helped the  government to meet the target for foreign direct investments last financial year, authorities say.

The Investment Promotion desk says the deals, together with three others, were pivotal to unlocking slightly more than Ksh135.85 billion ($861 million) in flows for the year ended June 2023.