A Singapore firm, Mas Holdings Singapore Ltd, has been granted permission by Export Processing Zones Authority (EPZA) to open a clothes manufacturing factory in Athi River.
The firm will invest up to a total of Sh1.1 billion with approximately 440 million channeled to the purchase of machinery from outside the country. It will export several products to the US and Europe and 3,000 jobs are expected to be created from the venture.
This comes a day after Uhuru also signed a deal with American technology giant Microsoft Corporation to set up a development center in Kenya.
Speaking at a meeting hosted by President Uhuru Kenyatta at State House, Nairobi, on Monday, the firm’s top executives led by Vice President for Gaming Phil Spencer said the Africa Development Centre will serve the East African region.
According to Microsoft, the Africa Development Centre will be a premier hub of engineering for the US technology company and its affiliates.
The center will leverage the diversity of the regional landscape to build world-class talent capable of creating innovative solutions for global impact.
Further, the center is expected to establish a collaborative engineering springboard for new technology investments in Kenya.