Summary

"The USD 100 million Homa Bay Lakefront Development Project aims to revitalize the Lakefront Area, integrating it into the Central Business District. Covering 600,000 sqm, it will feature promenades, green spaces, fish markets, sport fishing camps, restaurants, an amusement park, and an amphitheater. With a population of 1.3 million and limited competition outside Kisumu, the project presents a unique opportunity to stimulate tourism and local commerce while enhancing social and economic development. The project seeks an investment of USD 110 million for land acquisition, feasibility studies, and construction. It envisions a diversified revenue model through hospitality, retail, and entertainment, fostering economic resilience and sustainability. Additionally, green spaces and eco-friendly infrastructure will minimize environmental impact, aligning with responsible urban development goals. Beyond economic growth, the project is expected to generate over 10,000 jobs, directly and indirectly benefiting local communities. Improved infrastructure will drive business opportunities, while enhanced water transport and climate resilience initiatives will contribute to environmental conservation. This initiative positions Homa Bay as a thriving, sustainable waterfront city."

Fisheries

Fisheries

Equity Investment

110000000

USD

Feasibility study

Homa Bay