Norfund backs East Africa’s Kensta with minority stake
Investment to fund new Ugandan plant for sanitary pad production.
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Norfund, Norway’s development finance institution, has acquired a minority stake in Kinetic Holdings, known in East Africa as Kensta Group, a manufacturer and distributor of stationery products.
Kensta supplies raw materials to the printing and packaging industry and manufactures everyday essential paper-based products.
The investment will support the construction of a new production facility in Uganda dedicated to the manufacturing of sanitary pads.
“By investing in Kinetic Holdings, Norfund is helping scale a local solution to a widespread challenge, period poverty, that hinders education and dignity for millions of girls and women. Supporting the local manufacture of sanitary pads is a tangible step towards inclusive development and economic empowerment,” says Donald Muchiri Kariuki, investment manager at Norfund.
Kensta CEO, Priyesh Shah added, “This investment marks a transformative chapter for our company. With Norfund’s involvement, we will accelerate our growth strategy, enhance our operational capabilities, and continue to provide exceptional service to our clients. We look forward to expanding our reach and impact in the regional market with a shared vision for sustainable regional development. Together, we aim to create lasting economic and social value.”
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