Kim-Fay partners with Norfund and I&M Bank on world-class facility at Tatu City, Kenya (Di giovedì 22 agosto 2024)
Investment solidifies Tatu City as the leading hub for foreign direct investment & Kenyan industrial growth
Tatu City, Kenya, Aug. 22, 2024 /PRNewswire/
 Kim-Fay, a leading manufacturer and distributor of hygiene, tissue, and home care products in East Africa, has secured funding from the Norwegian Investment Fund for Developing Countries (Norfund) and I&M Bank for its new facility at Tatu City, the 5,000-acre mixed-use Special Economic Zone on Nairobi's doorstep. The Norfund and I&M Bank financing will support Kim-Fay's business expansion, focusing on providing affordable tissue paper to lower-income market segments. The funds will be directed towards constructing a new recycled paper manufacturing facility at Tatu City, using locally sourced wastepaper. The new facility is expected to be operational by 2025.Leggi tutta la notizia su liberoquotidiano
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 Kim-Fay, a leading manufacturer and distributor of hygiene, tissue, and home care products in East Africa, has secured funding from the Norwegian Investment Fund for Developing Countries (Norfund) and I&M Bank for its new facility at Tatu City, the 5,000-acre mixed-use Special Economic Zone on Nairobi's doorstep. The Norfund and I&M Bank financing will support Kim-Fay's business expansion, focusing on providing affordable tissue paper to lower-income market segments. The funds will be directed towards constructing a new recycled paper manufacturing facility at Tatu City, using locally sourced wastepaper. The new facility is expected to be operational by 2025.Leggi tutta la notizia su liberoquotidiano
Kim-Fay partners with Norfund and I&M Bank on world-class facility at Tatu City, Kenya -
"This investment comes at a crucial time as the demand for tissue and hygiene products continues to grow in Kenya and the wider East-Africa region," said Raj Bains, Chief Executive Officer at Kim-Fay. This project is a testament to our commitment to fostering sustainable business practices and economic growth in the region. For more information about Rendeavour, please visit https://www. liberoquotidiano
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