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Browsing: Red Sea corridor
- Early last year, another German shoe line announced an investment of $2.66 million to expand its presence in Kenya by 2025.
- The distribution centre is at the Freight Forwarders Solutions warehouse in Tatu City.
- In recent years, German firms have shown increasing interest and investment in East Africa.
German-based cleaning equipment manufacturer Karcher has announced an approximate $3.25 million investment in the Kenyan market. The firm is setting up a regional distribution centre in Nairobi as a business expansion strategy to evade the toughening global import supply chain due to high logistics costs resulting from pirate attacks in the Red Sea corridor.
The distribution centre is at the …