IFC Partners with Kenya's Royal Apparel EPZ Limited to Support Manufacturing, Jobs
Kenya, Jan. 28 -- IFC has announced a partnership with Kenyan apparel manufacturer Royal Apparel EPZ Limited to support the company's expansion strategy, which includes constructing a new factory built to high environmental standards while creating thousands of new jobs, with a focus on womenIFC will loan Royal Apparel EPZ Limited $15million, with $10million from IFC's account, and $5 million from the Canada-IFC advancing Gender Equality, Resilience, Opportunity and Inclusion Worldwide Facility (Canada GROW). The funding will support the expansion of a new factory near Nairobi, creating an estimated 3,700 jobs.The investment is the first to benefit globally from the GROW gender fund. IFC's investment in Royal was supported by early-stage pr...
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