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Hewatele, a local medical oxygen producer has secured $20 million (Sh2.9 billion) in funding from the US International Development Finance Corporation (DFC), Finnfund, Soros Economic Development Fund (SEDF), UBS Optimus Foundation and Grand Challenges Canada.
The firm will use the debt and equity funds raised to finance the building of the Cryogenic Medical Liquid Oxygen Air Separation Unit plant at Tatu Industrial Park.
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