Kenafric has become the second-largest manufacturer of stationery products in Kenya following its acquisition of Economic Industries Limited. This merger, approved by the Competition Authority of Kenya, boosts Kenafric’s market share from 12.3 percent to 22.6 percent, surpassing Kartasi Industries, which now holds the third position. Twiga Stationers remains the market leader with a 49.4 percent share.
The acquisition is expected to enhance Kenafric’s production capabilities and expand its reach in the stationery market. The Competition Authority of Kenya stated that the merger would not significantly impact competition or public interest negatively. Besides stationery, Kenafric also manufactures various products, including PVC, EVA, rubber footwear, soft drinks, confectionery, and culinary items.
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Source: Vincent Owino, Business & Technology Reporter, Nation Media Group.
