Kim-Fay, a leading distributor of hygiene, personal care, tissue and home care products recently secured funding from the Norwegian Investment Fund for Developing Countries (Norfund) and I&M Bank for a new facility at Tatu City.
Circular Low- Income Products
Kim-Fay, is licensed to manufacture, market and distribute products such as Kotex, Huggies, Fay, Sifa tissue paper, Dove soap and Cosy tissue among other products. The company will use the financing to expand its business operations, focusing on affordable tissue paper for lower-income consumers.
The funds will go into construction of a new recycled paper manufacturing facility in Tatu City, using locally sourced waste paper. The facility is expected to start operations by 2025.
Commercial Real Estate in Tatu City
David Karimi, Deputy Country Head and Head of Sales at Tatu City, stated, “We are thrilled to welcome Kim-Fay to Tatu City. This partnership not only strengthens Tatu City’s position as a premier investment destination but also aligns with our mission to foster economic growth and sustainable development. The collaboration with Norfund and I&M Bank underscores Tatu City’s attractiveness to world-class enterprises which contribute to Kenya’s economic growth.”
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Kim-Fay will be joining a growing list of global brands at Tatu City. The Special Economic Zone (SEZ) has attracted heavy investments in commercial Real Estate in the recent past. The 5,000 acre special economic zone also hosts residential properties, schools and industrial real estate facilities.
Demand on Property Values
The growing list of commercial real estate investments in the zone is not only strengthening the development’s standing in Kenya’s real estate but it is also driving up demand for rental housing within adjacent neighborhoods due to a growing workforce in the commercial facilities.
5,000
Tatu City is a self-sustainung, Special Economic Zone in Kenya, sitting on a 5,000 acre piece of land in Kiambu. It is about 20 kms from Nairobi. The SEZ has residential zones, schools, industrial and commercial zones, nature areas and hospitals.
As of the second quarter of 2024, Juja, a satellite town close to the SEZ was leading in property price growth. This is according to the Hass Consult land price index which indicated that Juja experienced a 20.1% price increase for an acre of land, within a 12 month period.
This is by far the highest price jump for any suburb in Nairobi within that time frame. Locations close to special economic zone are set to benefit from the growing workforce in the near future and this is likely to increase demand for land and other properties within the area.
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