Eldoret-based textile manufacturer Rivatex East Africa Limited is looking for a strategic investor to lease, operate and maintain its mill and other assets for 21 years in a bid to wean it from State support.
The search comes after the Cabinet gave a nod to the move as part of a strategy to rejuvenate cotton production in the country. Rivatex will require the strategic partner to lease the facility, inject working and operating capital and render all relevant technical support services to enable it to operate at full capacity.
