KenGen unveils plans for Sh60m detergent factory as part of its innovative strategy.

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Energy firm, KenGen has set in motion the construction of its Shs 60 million factory to manufacture detergents. This is in a bid for Ken Gen to expand revenues and diversify its portfolio beyond power production.

In the new move, KenGen intends to establish the factory’s critical installations within its Olkaria Geothermal base. The Naivasha-based complex is set for completion by next year after receiving approvals for manufacturing measures from the Kenya Bureau of Standards. With permission, KenGen is now set to establish manufacturing liquid hand washing detergent, hair shampoo, liquid bleach, carpet shampoo, and car shampoo. This is alongside manufacturing fabric softeners and disinfectants that will see it compete with Unilever and Flame Tree Group within the sector.

“The intended completion and takeover date are expected to be somewhere in the first quarter of 2021,” said KenGen’s Development Director Abel Rotich.

Mr. Rotich also adds that the new factory makes up part of the firm’s ‘Good-2-Great Strategy’ that links innovations and exposes the ideas to KenGen. The detergent manufacturing happens to include part of the ideas within the company’s strategy revealed in its annual Global Innovation Seminar.

Other projects also include commissioning of a commercial treatment and bottling of drinking water.

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Anthony Kiratu is the Founder of Finsolutions. He is a financial analyst with over 5 years experience in research, investment advisory, valuation and financial modelling. Anthony is a member of the Institute of Certified Investment and Financial Analysts and Institute of Certified Public Accountants of Kenya. He is passionate about development of African Capital Markets through training of investors and dissemination of information for sound financial and investment decision making process. He is also a part-time lecturer in the Certified Investment and Financial Analyst course in the subjects of International Finance, Portfolio Management, Equity Investment Analysis, and Fixed Income Securities. Email: anthony@finsolutions.co.ke Contact: +254 780216631

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