The process to identify the investor started in February as the government moved to save the company from total collapse.
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In an internal memorandum signed by Acting Managing Director CPA Stanley Bett, the textile manufacturer said the redundancy would affect both employees on fixed-term contracts and those on permanent and pensionable terms.
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During the tour, Committee Members held separate consultative meetings with the top management of the two factories.
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The government has for the last few years invested heavily in modernising RIVATEX.
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The privatization of the three companies comes after huge government investments. Over the years, the government has invested billions in modernizing New KCC and Rivatex.
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A United Kingdom Government-funded project dubbed Sustainable Urban Economic Development (SUED) has identified three key bankable projects within Uasin Gishu County. The three projects, SUED notes, can be considered as investor attractive for support and economic stimulus in the County.
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Rivatex East Africa Limited has been recognized as a formidable vertically integrated textile mill that continues to support Technical and Vocational Education and Training (TVET) based institutions. The textile industry has been offering job and training opportunities to students that
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The town is generally dominated by the Kalenjin community with Kikuyu, Luhya, Luo, and Kisii some of the other ethnic groups that are found in the town.
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