Kim-Fay Secures Financing for New Facility in Tatu Town, Kenya
Tatu Town, located in Kenya, has solidified its position as the main center for foreign direct investment and business growth in the region. Recently, Kim-Fay, a leading manufacturer and distributor of hygiene products in East Africa, announced that it has secured funding from the Norwegian Investment Fund for Developing Countries (Norfund) and I&M Bank for its new facilities in Tatu Town.
The financing from Norfund and I&M Bank will support Kim-Fay’s commercial expansion, with a focus on providing affordable tissue paper to lower-income market segments. The funds will be used to construct a new plant for recycled paper manufacturing in Tatu Town, utilizing locally sourced paper waste. The new facility is expected to be operational by 2025.
“This investment comes at a crucial time as the demand for tissue paper and hygiene products continues to grow in Kenya and across East Africa,” said Raj Bains, CEO of Kim-Fay. “Our new facilities in Tatu City will allow us to meet this demand more efficiently while supporting our sustainability commitment through the use of recycled materials. We are grateful to Norfund and I&M Bank for their support in this initiative.”
David Karimi, Deputy Country Director and Sales Director of Tatu Town, expressed his excitement about welcoming Kim-Fay to Tatu City. He highlighted how this partnership strengthens Tatu City’s position as a premier investment destination and aligns with their mission of fostering economic growth and sustainable development.
The investment from Norfund and I&M Bank aligns with Norfund’s mandate to support sustainable businesses, create employment opportunities, and improve lives in developing economies. William Nyaoke, Norfund’s Director for East Africa, emphasized their commitment to promoting sustainable business practices and economic growth in the region through this partnership.
Kim-Fay’s product range includes baby care products, feminine hygiene products, and personal care items, serving markets in Kenya, Uganda, Tanzania, and Rwanda. The company’s strategic focus on affordability and sustainability positions it well to meet the growing demand for hygiene products driven by an expanding middle class and increased consumer awareness of hygiene practices.
Tatu Town serves as a hub for over 80 local, regional, and global companies, including CCI World, Heineken, Dormans, Kärcher, and others. The business benefits in Tatu Town’s Special Economic Zone include tax exemptions and a favorable corporate tax rate, attracting companies looking to establish a presence in the region.
In conclusion, Kim-Fay’s partnership with Norfund and I&M Bank for its new facility in Tatu Town underscores the city’s appeal as a prime investment destination and its commitment to sustainable economic growth. With a focus on affordability, sustainability, and innovation, Kim-Fay is well-positioned to meet the evolving needs of consumers in the region. 5 Ways to Improve Your Communication Skills in the Workplace
Communication skills are essential for success in the workplace. Whether you are communicating with colleagues, clients, or your boss, being able to effectively convey your thoughts and ideas is crucial. Here are five ways you can improve your communication skills in the workplace:
1. Listen actively: One of the most important aspects of communication is listening. When someone is speaking to you, make sure to give them your full attention and avoid interrupting. Show that you are engaged in the conversation by nodding your head, asking questions, and providing feedback.
2. Be clear and concise: When communicating with others, it’s important to be clear and concise in your message. Avoid using jargon or technical language that may confuse the listener. Instead, try to explain your thoughts in a simple and straightforward manner.
3. Practice empathy: Empathy is the ability to understand and share the feelings of others. By practicing empathy in your communication, you can build stronger relationships with your colleagues and create a more positive work environment. Try to put yourself in the other person’s shoes and consider their perspective before responding.
4. Use nonverbal communication: Nonverbal communication, such as body language and facial expressions, can play a significant role in how your message is received. Pay attention to your nonverbal cues and try to convey confidence and openness through your posture and gestures.
5. Seek feedback: One of the best ways to improve your communication skills is to seek feedback from others. Ask your colleagues or supervisor for constructive criticism on your communication style and be open to making changes based on their suggestions.
By implementing these five tips, you can enhance your communication skills and become a more effective communicator in the workplace. Remember that communication is a two-way street, so be willing to listen, empathize, and adapt your communication style to meet the needs of others.