Royal Apparel EPZ Limited (RAL), a garments manufacturer operating within the Export-Processing Zone (EPZ), is set for a $15 million (Sh1.94 billion) loan from the International Finance Corporation (IFC) to construct a new factory.
IFC, the private sector-focused lending arm of the World Bank, has disclosed that the corporate loan- which is subject to approval by its board- would add to the $5 million (Sh645 million) equity that RAL will provide for expansion of its operations.
