Kenya, the largest economy in the up and coming East Africa region, now has a new $24 million garment factory that will manufacture goods for the international market and create thousands of jobs in the area.
The factory is part of the Kenyan government’s effort to create jobs in the country and positional itself as both an investment hub and viable industrial outlet.
According to Kenya’s Daily Nation, Mombasa Apparels EPZ factory opened the new facility in Mtwapa in the country’s Kilifi County and it is expected to provide 3,000 jobs, and possibly 4,000 more during its second phase of development.
During the official opening, Industrialization and Enterprise Development Cabinet Secretary Adan Mohammed, said, “It is for this reason that the government is making provisions to support this sector by focusing on strategic interventions that will improve the operating environment, among them, subsidizing the cost of power in order to ensure that investors are able to create more employment opportunities for our people,” the Daily Nation reported.
Kenya has been the leading exporter to the U.S. under the African Growth and Opportunity Act (AGOA), sending $300 million worth of goods stateside this year.
Major nations have already begun investing in Kenya to revive its textile sector. In September, China’s Jiangsu Lianfa Textile Company said it would invest $500 million to build a textile plant in the outskirts of Nairobi, Kenya. The plant will be situated on a 50,000-acre cotton farm and is expected to create more than 30,000 jobs.
In August, India signed a financing agreement with the Kenyan government for $89 million to expand operations at is Rivatex East Africa Ltd, and the funds will go to new machinery to boost production capacity.