Sri Lankan apparel manufacturing firm Hela Apparel Holdings has secured a Sh700 million ($5 million) loan from German state-owned investment and development bank KfW and India-based non-banking financial firm Aavishkaar Group to fund expansion in Kenya, Egypt and Ethiopia.
Hela has twelve manufacturing plants, seven in Sri Lanka, two each in Kenya and Ethiopia, and one in Egypt, with a workforce of 20,000 staffers across the globe.
