Hela: Norfund Seals Ksh1.8B Financing Deal With Hela Apparel Holdings
Norfund, the Norwegian government's investment fund, has signed a US$ 14 million (Ksh1.8 billion) financing agreement with Hela Apparel Holdings PLC to bolster the development of its manufacturing operations in East Africa. NDBIB, Sri Lanka, was the Financial Advisor for the transaction. Based at the Export Processing Zone, Athi River complex, Hela Kenya, established in [...]
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Hela is a Sri Lanka-based clothing company that manufactures and supplies products such as innerwear and athleisure for the retail market.
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