Eldoret Attracts Investors as City Transformation Gains Momentum

Eldohub is set to launch the inaugural Eldoret City Investors Forum, a pioneering event aimed at positioning Eldoret as a key destination for investment and innovation.

Scheduled to take place in Eldoret, the forum will gather a diverse mix of investors, entrepreneurs, technology enthusiasts, and various key stakeholders. In partnership with the UK Kenya Tech Hub and the British High Commission, the forum will explore emerging investment opportunities, showcase innovative technologies and foster collaborative ventures intended to stimulate economic growth in the region.

Eldohub is committed to enhancing education, innovation, and technology, particularly focusing on empowering youth and women to engage with Information and Communication Technology (ICT) opportunities, thereby addressing the skills gap in Africa's job market. Eldohub CEO and founder Magdaline Chepkemoi reflect on Kenya’s dual identity as a nation excelling in long-distance running and its rapidly evolving tech sector.

Enos Masinde, Country Director of the UK Kenya Tech Hub, touts the initiative's ambition to blend sports and technology therefore capitalizing on Eldoret's rich sporting heritage. Chepkemoi likens the journey of building a successful business to running a marathon; she mentions the importance of patience, endurance, and long-term commitment — qualities that are often overlooked in the pursuit of sustainable business success.

This forum aims to redefine that narrative. Themed "Bridging Athletics, Innovation, and Investment," the Eldoret City Investors Forum seeks to tap into the region's substantial investment potential and rebrand Eldoret as a centre of innovation. By leveraging the area’s athletic legacy, the event intends to attract interest and investment into its burgeoning tech ecosystem.

A notable feature of the forum will be the introduction of the Eldoret City Investor Platform, a digital resource modelled after the successful Nairobi Business Angel Network. This platform will serve as a comprehensive source of information for investors and connect them with lucrative opportunities within the region. Athletics Kenya President Jack Tuwei points out that the forum will unite stakeholders from both county and national governments, prominent business leaders, influential partners, and celebrated athletes.

Together, they will address the challenges and advancements currently impacting Eldoret and further strategize to position the city as a leading investment hub and a focal point for sports technology development. As Eldohub leads this transformative initiative, the Eldoret City Investors Forum promises to act as a catalyst for regional economic growth, fostering innovation and investment while drawing on the city’s celebrated athletic heritage.