Bharat Shah, the Vice Chairman of confectionery maker Kenafric Industries sees big opportunity in Kenya’s decision to lead integration of regional markets, especially for manufacturers that are taking advantage of low manufacturing capacity in regional economies.
Bharat Shah, the Vice Chairman of confectionery maker Kenafric Industries sees big opportunity in Kenya’s decision to lead integration of regional markets, especially for manufacturers that are taking advantage of low manufacturing capacity in regional economies.On Tuesday, his company, invested 110 million U.S dollars in new production machine. The machine, which makes range of chewing gums, will increase the company’s annual production of confectionery from 1,500 tonnes to 8,000 tonnes. For Shah, there is no risk for dead stock because "demand for confectionery is very high and growing in all countries we operate, " he said in an interview with Xinhua in Nairobi on Tuesday. "We see our growth being driven by regional expansion. We are now waiting for the grand free trade area to be realised in 2014 so that by 2020, we shall be operating in 20 African countries while in 2030, we plan to be operational in 30 countries,” said Shah.Agencies