Hexing invests Sh1.29bn in Kenyan power products assembly line - Capital Business
Connect with us

Hi, what are you looking for?

Kenya

Hexing invests Sh1.29bn in Kenyan power products assembly line

NAIROBI, Kenya, October 26 – Hexing Group has announced a $10 million (Sh1.29 billion) investment to establish a local assembly line in Kenya for power products previously imported from its manufacturing plant in China.

The funds will also support a new office in Nairobi, aimed at capturing emerging opportunities within Kenya and the broader East African region.

According to Zhou Xiping, Hexing’s Regional CEO for East Africa, the new facilities are expected to create 100 jobs within the year, boosting local economic growth.

“Hexing is excited to expand our footprint in Kenya, a country that serves as the hub of the East African economy and possesses immense potential for development and market opportunities,” Zhou stated.

Zhou emphasized that the investment is a key step in providing innovative energy solutions to the region.

“We anticipate that this new base will not only create employment for the local community but also stimulate economic growth and deliver advanced solutions for smart power distribution, water management, and emerging energy markets in East Africa,” he added.

Hexing’s product range includes power metering and charging products, power distribution solutions, water metering and treatment systems, inverters, charging piles, and energy storage batteries.

Advertisement

More on Capital Business

Africa

NAIROBI, Kenya, Apr 7 – Kenyan professionals are increasingly prioritizing investments and long-term financial goals over short-term spending as bonus season kicks in, a...

Agriculture

NAIROBI, Kenya, April 17 – Kenya is looking to lift a ban on Kenyan tea exports to Iran as the government looks to diversify...

Africa

NAIROBI, Kenya, April 2 – Kenya startups tied with their Nigerian and South African counterparts on the amount of funding raised in Q1 of...

Kenya

NAIROBI, Kenya, Mar 26– Despite geopolitical and trade tensions, Kenyan CEOs remain optimistic about economic growth, with 60 percent expecting global improvement and 48...

Africa

MAR 23 – A farmer works in a field benefited from the Lower Nzoia Irrigation project in Siaya County, western Kenya, on Feb. 20,...

Africa

NAIROBI, Kenya, Mar 20 – Kenyans, especially the youth, have been encouraged to join the Binance Academy to enhance their understanding of cryptocurrency. Click...

Kenya

BEIJING, March 10 (Xinhuanet) — China’s stable economic growth contributes to global economic growth, said Kenyan Ambassador to China Willy Bett in an exclusive...

Africa

NAIROBI, Kenya, Mar 9 – Inside a bustling meet-up event at Workstyle Africa on 1st Park Avenue, Nairobi, hundreds of women gathered on March 8,...