RESTANCE, Inc. (ANCE) recently announced plans to open a condom manufacturing plant in Kenya to produce condoms for all Africa. Research and Markets reports the global condom market is expected to reach US $9.6 Billion by 2021 at a CAGR of 8.2%. The United Nations reports that condom usage in Africa is growing and is expected to continue growing until 2030. RESTANCE has already acquired the tools to equip a manufacturing plant and is in negotiations to manufacture and distribute for a major global brand name. CEO Randell Torno met recently with the Kenyan Ambassador to the United Sates, H.E. Robinson Githae to discuss investment in Kenya.
The condom manufacturing capacity is the first major step in just one component of RESTANCE's strategy to pursue several business lines in the growing economies of East Africa. The Company is developing opportunities in the region including initiatives in technology and systems integration services, utility support services, affordable housing and health products manufacturing. RESTANCE recently acquired East African Development Partners to pursue its strategy in East Africa.
COMPANY
On June 1, 2017 the Company entered into a share exchange agreement to purchase 100% of the shares of East African Development Partners LLC in exchange for 5 million shares of Restance, Inc. The Company is pursuing several business lines in the growing economies of East Africa. The Company is developing opportunities in the region including initiatives in technology and systems integration services, utility support services, affordable housing and health products manufacturing. The Company owns a majority interest in manufacturing equipment being integrated into a health products manufacturing facility currently under development. WEB SITE http://www.restanceinc.com/