Kim-Fay partners with Norfund and I&M Bank on world-class facility at Tatu City, Kenya
Summary
"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 partnership not only strengthens Tatu Citys position as a premier investment destination but also aligns with our mission to foster economic growth and sustainable development. "Kim-Fay is licensed in Kenya to manufacture, market, and distribute products for Kimberly-Clark, the worlds leading producer of consumer tissue, with globally renowned brands such as Kleenex, Kotex, and Huggies. The companys strategic focus on affordability and sustainability positions it well to cater to the increasing demand for hygiene products, driven by a growing middle class and heightened consumer awareness of hygiene practices.More than 80 local, regional and global businesses are operational or under development in Tatu Citys business-friendly location, including CCI Global, Heineken, Dormans, K\xe4rcher, Cooper K-Brands, Grit Real Estate Income Group, Twiga Foods, Freight Forwarders Solutions, ADvTECH, Friendship Group and Davis & Shirtliff.Business benefits at Tatu City SEZ include VAT zero-rating, import and stamp duty exemptions and 10% corporate tax for the first 10 years and 15% for 10 years thereafter.Tatu City is a 5,000-acre new city on Nairobis doorstep with homes, schools, businesses, a shopping district, medical clinic, nature areas and recreation for more than 250,000 residents and tens of thousands of day visitors. Tatu Citys schools educate thousands of students daily, a range of homes suits all incomes and more than 80 businesses thrive in the countrys first operational Special Economic Zone.