Kenya is set to earn at least 42 billion shillings in foreign exchange annually once six factories being set up in Naivasha are operational.
The factories will manufacture ceramic and granite tiles, sanitary towels, toilet paper, and towel napkins as well as iron and aluminium products and will create at least 2,800 direct jobs and a further 30,000 indirect jobs for the local community.
The 91 billion shillings manufacturing investment by the Turkish Industry Holdings at the Naivasha Special economic zone, will see 70 percent of the output destined for Europe and the US market, while the rest will be sold locally and regionally.
President Uhuru Kenyatta commissioned the ground-breaking ceremony for the six factories owned by the Turkish Industry Holdings at the Special Economic Zone in Naivasha recently raising optimism among local investors that their investment will pay off.
According to Mwaniki Munuhe the firm’s Vice President for African operations, the company will be sourcing for raw materials locally to support production. Mwaniki said operationalization of the factories has been earmarked for 2025.