HEWATELE SECURED US$20M FUND FOR CONSTRUCTION OF OXYGEN-PLANT BUILDING IN KENYA

HEWATELE SECURED US$20M FUND FOR CONSTRUCTION OF OXYGEN-PLANT BUILDING IN KENYA

Hewatele, a Kenyan medical oxygen producer, has secured a $20 million (approximately Sh2.9 billion) funding package from various organizations, including the U.S. International Development Finance Corporation (DFC), Finnfund, Soros Economic Development Fund (SEDF), UBS Optimus Foundation, and Grand Challenges Canada. This funding will be utilized to build a modern cryogenic medical liquid oxygen air separation unit plant at Tatu Industrial Park, the first of its kind in East Africa in the last 60 years. The…

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