Kim-Fay, a manufacturer and distributor of baby care, feminine hygiene and household products in East Africa, has secured Sh2.5 billion in debt funding from the Norwegian Investment Fund for Developing Countries (Norfund) and I&M Bank to expand its business in the country.
The funding will be used to establish a new recycled paper manufacturing facility in Tatu City, which is expected to be operational by 2025. This facility will focus on providing affordable tissue paper to low-income market segments.
