Chinese company Zhende Medical announces production facilities in Tatu City, Kenya

by MMC
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Tatu City, the 5,000-acre special economic zone on the outskirts of Nairobi, has announced that Zhende Medical Co. Ltd., a leading international company specializing in the production and sale of disposable medical devices, will build production facilities in Tatu City and in its neighboring town of Oaklands. development.

Zhende, listed on the Shanghai Stock Exchange, announced plans to invest $180 million in Kenya, employ 7,000 Kenyans and export $320 million annually to its global customers, as well as expand its distribution of essential medical supplies in sub-Saharan Africa. Zhende’s Kenyan subsidiary, FullCare Medical, will become the largest manufacturer and distributor of medical devices in East Africa.

The historic agreement on healthcare in Africa was announced on the sidelines of the third Belt and Road Forum for International Cooperation in Beijing, in a ceremony chaired by HE President William S. Ruto of Kenya and HE Ambassador Liu Yuxi, Special Representative of the Chinese Government for Africa. Business. The International Finance Corporation, the investment arm of the World Bank, provided $100 million in financing to Zhende for its expansion into Africa.

“After a thorough evaluation of markets and site locations, we chose Kenya and Tatu City as the base for our global expansion,” said Lu Jianguo, president of Zhende Medical. “We are committed to promoting the development of the health sector in Kenya, cultivating local talents and increasing cooperation between Kenya and multinational companies. »

“I would like to thank Zhende Medical for their decision to expand into Kenya and Tatu town,” President Ruto said. “I am strongly encouraged by the evidence demonstrated here that the Chinese business community is fully aware of Kenya’s immense potential as a dynamic and most promising destination for investment.”

The Tatu City and Oaklands locations total more than 60 acres of prime land with world-class infrastructure, seamless transportation access and economic incentives. Tatu Industrial Park, where the first Zhende facility will be commissioned in January 2024, is the largest light industrial and logistics zone in East Africa, with over 75 Kenyan, regional and multinational companies . It is also Kenya’s first operational special economic zone, offering low corporate taxes, import duty exemptions, zero-rated VAT and zero withholding tax.

“Zhende Medical represents one of the largest foreign direct investments not only in the history of Kenya but in all of Africa,” said Stephen Jennings, founder and CEO of Rendeavour, owner and developer of Tatu City and six other new cities in Nigeria. Ghana, Zambia and Democratic Republic of Congo. “Zhende Medical sets the benchmark for dynamic and entrepreneurial Chinese investment on the African continent.”

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