The Dubai-based company, Oumaining, part of the Dubai Multi Commodities Centre, has announced its expansion into Kenya with the launch of a new facility in the country’s special economic zone. This initiative is one of the largest deployments of Web 3 technology in East Africa by a company originating from the UAE.
Oumaining’s entrance into the Kenyan market comes at a time when the country is attracting significant interest from major global tech firms, including Microsoft. Reports indicate that Google and Amazon are also conducting feasibility studies for potential expansion in the region. The new facility will serve as Oumaining’s operations hub, initially with a capacity of 90 megawatts, with plans to scale up to 200 megawatts. Kenya was chosen for its attractive factors, notably stable electricity costs, investor-friendly regulations, and its growing global presence. Naivasha, the city hosting the facility, offers various advantages, including a mild climate with temperatures ranging from 6 to 30 degrees Celsius year-round, a full tax exemption within the special economic zone, and a currency closely tied to the US dollar, similar to Dubai.
Francesco Colucci, managing partner at Oumaining, stated: “Today marks the start of a transformative phase where cryptocurrency mining becomes accessible to all by allowing individuals to mine without government intervention. We are part of a global movement reshaping the world’s financial landscape.”
The special economic zone in Kenya stands out as a smart choice compared to more crowded markets, being close to Nairobi without the congestion. It benefits from robust logistical infrastructure, attractive investment policies, and reliable energy supplies, leading to a shift in how global companies view it as a future hub for digital business.
As ties between Dubai and destinations like Kenya are expected to deepen into more sustainable digital economic relations, Oumaining’s current initiative exemplifies the practical potential of these partnerships.