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Parliament has approved the disbursement of Sh500 million to revive textile firm Rift Valley Textile Mills (Rivatex) in what is set to give a new lease of life to the ailing cotton industry.
According to the budgets and appropriations report tabled in Parliament last week, the Mutava Musyimi-chaired committee reallocated Sh500 million from the ministry of Industrialisation and Enterprise Development to Rivatex. The money will be used to purchase equipment for its textile factory.
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