Revenues –Amid a scheme by the State to privatize the iconic Kenyatta International Convention Centre KICC, fresh reports have confirmed that it generated sh 1.07 billion heading December 2023.
According to a report by the Tourism Ministry, the announced revenue was fetched between the months of July and December 2023.
Tourism Cabinet Secretary Dr. Alfred Mutua, on Thursday February 8, during their board meeting, noted that KICC had a set target of sh 500 million which was comfortably surpassed.
The meeting focused its discussion on the better way to make improvements to make KICC viable again.
Clarifying why the facility managed to make such huge monies, Dr. Mutua found out that it was because of the many conferences held there, recently.
For instance, apart from rents generated from MPs offices which are housed there, the African Climate Summit was orgainsed at the venue last year in September and which saw over 10,000 delegates attend.
“Led by Chairperson Adelina Mwau, the board shared insights into their ongoing efforts to develop a new marketing plan aimed at positioning KICC as the premier destination for conferences and exhibitions within the region,” read the report by the CS.
The CS announced a good fresh start this 2024 saying the venue was now making profits surpassing expected figures.
