Kenafric is set to be the second-largest manufacturer of stationery products after the competition regulator approved its bid to acquire Economic Industries Limited, overtaking Kartasi Industries, which has been the second most dominant player in the market.
Following the acquisition, Kenafric’s share of the stationery market in Kenya is set to rise from 12.3 percent to 22.6 percent, making it second only to Twiga Stationers, which is currently the market dominant with 49.4 percent market share.
