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French Firms To Invest More Than US$10 Billion After Kenya Visit

Last update: 08/03/2018
 
NAIROBI, March 8 (BERNAMA-NNN-KBC)--Big French brands will invest more than $10 billion and create thousands of jobs after a ground-breaking visit to Kenya, Kenyan and French officials said.

The French firms have identified 12 projects spanning industry, roads, energy, food security, health and technology for their investments, officials of the French business confederation (MEDEF) told President Uhuru Kenyatta Wednesday.

More than 60 business executives under the umbrella of MEDEF have been in the country meeting their Kenyan counterparts (Kenya Private Sector Alliance) and have identified projects they want to invest in.

The companies included major French firms Schneider Electric, Total, Urbasolar, Peugeot, Sse Air Liquide, Semmaris and Bollore among many more.

"The identified projects will attract more than US$10 billion in investments and create thousands of new direct jobs," said Industrialisation Cabinet Secretary Adan Mohamed.....

 
 
 

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