Norwegian State-owned investment company Norfund will participate in the debt financing of Balaji Group, a textile manufacturer based at the Export Processing Zone (EPZ) in Nairobi.
Norfund and Ethos Mezzanine Partners 3, a closed-ended specialist credit fund, will inject a total of $25 million (Sh3.15 billion) into the Athi-River-based manufacturer with money being used to replace Balaji’s old washing facility with new modern washing machines.
