Monday, August 17 2026
Monday, August 17 2026
MONETABRIEF – Sri Lanka's Hemas group said it had bought a 47 percent stake in Twiga Stationers and Printers Limited, based in Kenya.
Hemas made the purchase through Atlas Axillia Company (Pvt) Ltd, its school supplies and stationery unit for 16.2 million dollars, the group said in a stock exchange filing.
Hemas said Twiga was the owner of "well-known stationery and learning brands" in Kenya.
Kenya was a 136 million dollar economy with young growing population of over 54 million, the firm said. (Colombo/Aug17/2026)
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