Business & Financial News

Shenzhen Star eyes Africa with Tatu Industrial Park

Get real time updates directly on you device, subscribe now.

Shenzhen Star Instrument Co., a global supplier of smart meters and associated technologies, will expand its Africa operations by building a manufacturing facility at Tatu Industrial Park. The new plant, which will produce and assemble metering solutions for energy, water and gas, will start construction in Q4 2019.

Speaking during the signing ceremony, Ronald Kaburia, Managing Director of Shenzhen Star in Kenya, said that the investment at Tatu Industrial Park is part of the company’s strategic roadmap.

“We are excited about our investment in Tatu City and its Special Economic Zone status. Our products will serve East Africa and the neighbouring regions,” said Kaburia. “We take pride in knowing that our business is transforming lives through technology, and we look forward to having a positive impact in Kenya and the rest of the African continent.”

Nick Langford, Kenya Country Head for Rendeavour, the owner and developer of Tatu City, lauded the company’s move.

“Shenzhen Star’s is a clear example of the Kenyan government’s Big Four agenda – with job creation through manufacturing at its core – being implemented, right here at Tatu City,” Langford said.

Tatu City is the ideal location for a high-tech company like Shenzhen Instruments to base in Africa. Offering guaranteed infrastructure, like power, water and high-quality roads, Tatu City is a Special Economic Zone with low corporate taxes and zero VAT, among other benefits.

Leading local and international companies building their businesses at Tatu Industrial Park include Dormans, Kim-Fay, Unilever, Chandaria Industries, Africa Logistics Properties, Freight Forwarder Solutions, Stecol and Davis & Shirtliff.

Other developments at Tatu City, a 5,000-acre new city, include schools by Nova Pioneer and Crawford International, as well as more than 5,000 homes under construction and development.

Get real time updates directly on you device, subscribe now.

Comments
Loading...
Financial Fortune Media
Social Media Auto Publish Powered By : XYZScripts.com