Browsing: Kitenge

  • Upon its completion by 2024, the company will provide direct employment to 1,600 people.
  • The firm will produce 250,000 metres of polyester per day, which translates to seven million meters per year
  • The African Continental Free Trade Area (AfCTA) has the potential to generate a combined GDP of roughly $3.4 trillion
  • The global Textile Market Analysis of 2021 to 2028 anticipates that the market could reach $1,412.5 billion by 2028

Textiles factory in Zanzibar

 

Basra Textiles Limited, a firm based in Kenya, is setting up a $51.3 million (KSh5.7 billion) textiles factory in Zanzibar.

President Samia Hassan Suluhu launched the factory on January 11, 2022. The firm targets to share a piece of the pie in the country’s clothes market.

President Samia hopes that the factory will revive the energy of Tanzania’s textile industry, which can attract foreign buyers to the country.

Read: Over 2,000 Kenyan, DRC entrepreneurs meet