Norfund, the Norwegian government’s development finance institution, has officially acquired a minority equity stake in Kinetic Holdings, a prominent East African enterprise known locally as Kensta Group. Kensta is a well-established manufacturer and distributor of stationery and paper-based products, supplying raw materials to the printing and packaging industries across the region.
This strategic investment by Norfund is aimed at supporting the expansion of Kensta’s operations, specifically through the development of a new production facility in Uganda. The facility will be dedicated to the local manufacturing of sanitary pads, a critical step toward addressing the widespread issue of period poverty, a challenge that continues to impact the education, health, and dignity of millions of girls and women across East Africa.
Donald Muchiri Kariuki, who manages investments at Norfund, noted:
By investing in Kinetic Holdings, Norfund is helping scale a local solution to a widespread challenge—period poverty—that hinders education and dignity for millions of girls and women. Supporting the local manufacture of sanitary pads is a tangible step towards inclusive development and economic empowerment”
The investment aligns with Norfund’s broader mission to promote sustainable development through private sector growth in developing countries. By enabling local production of essential hygiene products, the partnership aims to reduce dependency on imports, create jobs, and improve access to affordable sanitary products.
Priyesh Shah, CEO of Kensta Group, expressed optimism about the partnership, stating:
This investment marks a transformative chapter for our company. With Norfund’s involvement, we will accelerate our growth strategy, enhance our operational capabilities, and continue to provide exceptional service to our clients. We look forward to expanding our reach and impact in the regional market with a shared vision for sustainable regional development. Together, we aim to create lasting economic and social value.
The collaboration between Norfund and Kensta is expected to have a ripple effect across the region, fostering industrial development, empowering women, and contributing to broader social and economic progress.
