KENYA – Timsales Limited and Rai Cement, firms linked to tycoon Jaswant Rai family, which owns Rai Group Limited, have won Kenya Power’s tenders for the supply of KSh1.198 billion (US$11.27m) concrete and wooden poles. 

Kenya Power’s latest notification of tender awards show that Timsales Limited will supply wooden poles worth KSh112.87 million (US$106.21m) while its sister company Rai Cement will deliver concrete poles valued at KSh70.13 million (US$0.66m). 

Timsales directors are listed as Jaswant Singh Rai, Onkar Singh Rai and Tejveer Singh Rai. Those of Rai Cement are indicated as Sarbjit Singh Rai, Sarbjit Singh Rai, Rajbir Singh, Chetan Vyas and Ndovu Milling Ltd. 

According to Business Daily, Kenya Power is going to spend KSh873.73 million (US$8.22m) in paying firms that won tenders to supply wooden poles while KSh324.81 million (US$3.06m) will pay firms to deliver concrete poles. 

Timsales tender award is the largest among the 13 firms that have won the tender to supply wooden poles while that of Rai Cement is the second largest among the six companies that have bagged concrete poles tender. 

Rai family has interests in cement production (Rai Cement), edible oils and soaps (Menengai Oil Refineries), sawmilling (Timsales), wheat farming, horticulture and real estate (Tulip Properties). 

Among targeted areas for further connections are Nairobi, Nyeri, Meru, Embu, Thika, Kericho, Kisumu, Eldoret, Namanga, Malindi, Lamu and Garissa. 

Other big winners in wooden poles tenders include Gilgil Treatment Industries, Panocal International, Line Enterprises and Oasis Capital. 

The RAI Group offers a wide range of strategic and financial resources and services. Their special insight and understanding of the challenges facing small to mid-size companies enables them to create funding solutions that provide access to working capital through accounts receivable and other assets. They can custom-tailor a borrowing base to fund growth, finance acquisitions or enhance working capital. 

A direct lender for over thirty years, RAI Group has been providing tailor-made asset-based financing for under-capitalized companies that lack the financial track record a minimum new worth that banks require. They also participate with other lenders to provide the capital you require. 

RAI Group also designs, funds and operates customized revolving private label credit card programs for specialty retailers and client/patient financing for elective surgery, dentistry, veterinary, fertility and law firms.  

RAI’s private label credit card programs are also an effective fit for manufacturers that sell directly to consumers or want to offer a consumer credit program to their dealers and distributors. 

Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals and insights from Africa’s business, economy and more. SUBSCRIBE HERE