Sierra Cables to set up manufacturing plant in Kenya

Sep 22, 2015 (LBO) – Sri Lanka’s Sierra Cables, a listed power cable maker, said it will be setting up a manufacturing plant in Kenya to supply transmission and distribution cables to East African countries, a statement said.
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The company said in a stock exchange filing that the decision was reached after conducting a feasibility study.
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“A formal report has been approved by the board of director for the implementation of the project in the coming months.” “The Kenyan economy is expected to grow at 6 percent in 2015 with infrastructure development a significant contributor.” the statement said.