Kenafric Manufacturing Limited (KML) is positioning itself as a dominant player in East Africa’s stationery industry following its acquisition of Economic Industries Ltd. 

This strategic move is set to boost the company’s market presence by expanding production capacity and enhancing distribution networks across the region.

With the deal receiving unconditional approval from the Competition Authority of Kenya (CAK), Economic Industries Ltd is now officially under Kenafric’s management. 

The acquisition aligns with Kenafric’s broader vision to provide affordable and high-quality stationery products in Kenya, Uganda, Tanzania, Burundi, and the Democratic Republic of Congo.

Kenafric Group CEO Mikul Shah highlighted the company’s commitment to leveraging its strong distribution channels and manufacturing expertise to scale production while lowering costs. 

“By integrating Economic Industries Ltd’s expertise with our manufacturing and distribution network, we are poised to expand our market, drive innovation, and deliver more value to consumers,” he said during a celebration at the company’s Mombasa Road stationery plant in Nairobi.

Previously, Economic Industries Ltd primarily served the local market, while Kenafric focused on exports. The merger brings together complementary strengths, enabling Kenafric to streamline production and introduce a broader range of stationery products. 

The company also plans to launch new product lines, including eco-friendly packaging and advanced office and school supplies, to meet changing consumer demands.

Following the acquisition, Bhavesh Shah, former Managing Director of Economic Industries Ltd, has been appointed to lead Kenafric’s Stationery Division, overseeing the regional expansion strategy.

Kenafric Group Chairman Bharat Shah emphasized the company’s focus on innovation and efficiency.
“We are investing in smarter machinery, data-driven processes, and stronger distribution networks. Automation and real-time analytics will boost efficiency and give us a competitive edge,” he stated.

Kenya’s stationery market is expected to grow by 3.6% over the next five years, driven by increased investment in education and access to learning materials.