KENYA: US Supermarket Firm JC Penny In Touch With Textile Manufacturers

A leading department store from the United States, JC Penney, is considering opening a purchasing office in Kenya. The company's vice president and director of sourcing, Rodney Birkins, is in the country and has consulted a number of local textile manufacturers.

Mr Birkins said his company was assessing possibilities for the importation of textiles from Kenya under the American Growth and Opportunity Act, which allows duty-free access for African exports to the US.

JC Penney, which has 1,100 supermarkets and 3,000 pharmacies, has a $30 billion (Sh240 billion) turnover a year.

Speaking at a dinner hosted at a Nairobi hotel for Mr Birkins, Vice-President George Saitoti said Agoa had boosted Kenya's textile exports to the US. The exports grew from $30 million (Sh2.4 billion) in 2000 to $150 million (Sh12 billion) by June this year.

Prof Saitoti said Kenya was ideal for foreign investors seeking to trade in East and Central Africa.

He added that Kenya was committed to the New Partnership for African development, adding that it wanted to play a "key role" in the association.

July 31, 2002

Send your News/Releases for publication to [email protected]
Added: July 31, 2002
Start script - 1544832114.6437 Start news id check - 1544832114.6438 After news id check - 1544832114.6441 After cookie_code - 1544832115.9856 Before news detail - 1544832115.9856 After news detail - 1544832115.9868 Start cat select - 1544832115.9868 After cat select - 1544832115.987 before preg replace - 1544832115.987 After preg replace - 1544832115.9871 Before tag engine - 1544832115.9871 After tag engine - 1544832115.9918 Before mptt engine - 1544832115.9918 After mptt engine - 1544832115.9918 Before related engine - 1544832115.9918 After related engine - 1544832116.0008 Before update hits - 1544832116.0008 After update hits - 1544832116.001 After update news_hits - 1544832116.0018 After mem_only_views - 1544832116.0018 -------------------------------------------------- Total Exec time:- 1.3581001758575
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 15-12-2018