At Tatu City, a 5000-acre mixed-use Special Economic Zone in Kiambu County, a new medical garment production facility has been established.
Global medical garment manufacturer FullCare Medical has opened for business in Kenya, providing employment to 1,800 people so far, with hopes to hire 7,000 more in the near future.
Speaking during the event, Mr. Lu Jianguo, the founder of FullCare Medical, disclosed the company’s intentions to use technology to boost production efficiency and meet consumer demands.
Our $30 million investment in the FullCare Medical facility is proof of our dedication to working with Kenya and Tatu City SEZ to promote positive change via cooperation. The factory intends to export $60 million worth of medical products annually, satisfying demand in the local market while employing solar technology for ecologically responsible production.
“The facility is a leading example of foreign direct investment in Kenya, showcasing the innovative and entrepreneurial spirit of Chinese companies in Africa,” said Mr Jianguo.
On his part, Stephen Jennings, CEO and developer of Tatu City, highlighted that more Kenyans would have access to employment possibilities as a result of the investment. Tatu City, the first mixed-use Special Economic Zone in Kenya, has received USD 2.5 billion in investment from more than 78 companies, including major participants in the software development, food and beverage production, healthcare and contact centers industries.
Full Care Medical received USD 100 million in funding from the World Bank’s investment arm, the International Finance Corporation, to expand into the African market.
Last but not least, Zhang Yijun, Minister Counsellor at the Chinese Embassy in Nairobi, and representatives of the Kenyan government attended the opening ceremony. Mr. Zhang described Full Care Medical as a representation of the close ties that exist between China and Kenya as they collaborate to advance both countries’ economies.