Kenyan university eyes acquisition of Rift Valley Textiles

15/03/2007
 
According to local media reports, Moi University in Kenya has registered its interest in taking over Rift Valley Textiles (Rivatex) with the receiver/manager of the company that went into receivership in the late 1990s. No financial details of the offer were disclosed.

The university believes the garment manufacturer would provide a source of income for the faculty as well as assisting in research and industrial training for students at its chemical and process engineering, mechanical and production engineering, electrical engineering, agricultural engineering departments and the business school.