Kenafric Manufacturing Limited (KML) has announced its expansion into the East African stationery market following the acquisition of Economic Industries Ltd. This merger, which received unconditional approval from the Competition Authority of Kenya (CAK), allows Kenafric to leverage its extensive distribution network to introduce stationery products in Tanzania, Uganda, Burundi, and the Democratic Republic of Congo. The acquisition aims to scale production, lower costs, and offer competitive prices.
Kenafric plans to integrate Economic Industries Ltd’s expertise with its manufacturing and distribution network to drive innovation and deliver more value to consumers. The company also intends to introduce new product categories, including eco-friendly packaging and advanced school and office solutions. Bhavesh Shah, former Managing Director of Economic Industries Ltd, has been appointed Managing Director of Kenafric’s Stationery Division to lead the regional expansion strategy.
For more detailed information, you can read the full article on the Capital FM website.
Source: Correspondent, Capital Business.
