Restance is set to manufacture condoms in Kenya [Photo/Vitamin W]
American firm Restance Incorporated has announced that they will be manufacturing condoms in Kenya using a local brand after they managed to successfully raise Sh52 million.
The Sh52 million brings the company’s total investment to Sh502 million and the funds will be used in a contribution campaign dedicated to the United Nations’ goal of ending Aids.
Restance is set to announce the brand name on World Aids Day on December 1.
“Restance plans to contribute to the UN goal to end the Aids epidemic by making condoms available everywhere in Africa through the previously announced #DoItForAfrica buy-one-give-one campaign where an anticipated $20 million (Sh2.06 billion) worth of condoms will be sold in North American and for each a condom will be manufactured in Africa and given away,” said Restance Inc chief executive Randell Torno.
The investment starts the companies first step in announcing their presence in the East African market with plans to expand its reach through other businesses.
“The contract announced on Monday is the initial commitment for the condoms to be manufactured and given away in Africa,” Torno added.