@BusinessDaily

French firms eye Sh1trn investments in Kenya

3 months ago, 7 Mar 17:46

By: James Ngunjiri

French firms are set to invest more than Sh1 trillion ($10 billion) in 12 projects covering roads, energy, food security, health and technology sectors in a move expected to create thousands of jobs, government officials have said. Officials of the French Business Confederation (Medef) Wednesday said the firms include Schneider Electric, Total, Urbasolar, Peugeot, Sse Air Liquide, Semmaris and Bollore. More than 60 business executives under the umbrella of Medef have been in the country meeting their local counterparts from the Kenya Private Sector Alliance (Kepsa), and have identified projects they want to invest in. “The identified projects will attract more than $10 billion in investments and create thousands of new direct jobs,” said Industrialisation cabinet secretary Adan Mohamed. The delegation is also willing to set up centres of excellence to help in transferring skills to Kenyans. President Uhuru Kenyatta, while meeting the delegation, tasked Mr Mohamed to co-ordinate the investment plans by the French firms.
Read More


Category: business corporate news lifestyle markets opinion economy

Suggested

14 hours ago, 18:06
@TheEastAfrican - By: Kazungu Samuel
Igad signs cross- border trade policy

The policy tackles issues related to food security, employment, peace and security. ...

Category: topnews news business
10 hours ago, 22:22
@TheEastAfrican - By: Michael Wakabi
Drug maker CIPLA and telco MTN to list on Uganda bourse

Uganda’s Capital Markets Authority has not handled an IPO since 2012. ...

Category: topnews news business
8 hours ago, 00:05
@StandardMedia - By: Otiato Guguyu
Firms flee rating agencies to avoid books scrutiny

Over the last five years, 14 companies have withdrawn their ratings at GCR, some of which had been cited by the agency for poor outlook. ...

Category: business news
8 hours ago, 00:05
@StandardMedia - By: Wangui Mwaniki And ...
Why we need more than tax incentives to spur economic growth

The four priority areas are manufacturing, universal health coverage, affordable housing and food and nutrition security. ...

Category: business news
8 hours ago, 00:05
@StandardMedia - By: Macharia Kamau
Bill proposes radical changes in tea sector, restore KTDA as industry regulator

KTDA could revert to its old status as the industry regulator while a raft of levies charged on players along the value chain dropped. ...

Category: business news
8 hours ago, 00:05
@StandardMedia - By: Emily Kamunde-osor ...
Why the HR function remains key to business success

As renowned scholar and thought leader Dave Ulrich says the human resources (HR) function begins with business and ends with business. ...

Category: business news

@BusinessDaily

French firms eye Sh1trn investments in Kenya

3 months ago, 7 Mar 17:46

By: James Ngunjiri
French firms are set to invest more than Sh1 trillion ($10 billion) in 12 projects covering roads, energy, food security, health and technology sectors in a move expected to create thousands of jobs, government officials have said. Officials of the French Business Confederation (Medef) Wednesday said the firms include Schneider Electric, Total, Urbasolar, Peugeot, Sse Air Liquide, Semmaris and Bollore. More than 60 business executives under the umbrella of Medef have been in the country meeting their local counterparts from the Kenya Private Sector Alliance (Kepsa), and have identified projects they want to invest in. “The identified projects will attract more than $10 billion in investments and create thousands of new direct jobs,” said Industrialisation cabinet secretary Adan Mohamed. The delegation is also willing to set up centres of excellence to help in transferring skills to Kenyans. President Uhuru Kenyatta, while meeting the delegation, tasked Mr Mohamed to co-ordinate the investment plans by the French firms.
Read More

Category: business corporate news lifestyle markets opinion economy

Suggested

14 hours ago, 18:06
@TheEastAfrican - By: Kazungu Samuel
Igad signs cross- border trade policy

The policy tackles issues related to food security, employment, peace and security. ...

Category: topnews news business
10 hours ago, 22:22
@TheEastAfrican - By: Michael Wakabi
Drug maker CIPLA and telco MTN to list on Uganda bourse

Uganda’s Capital Markets Authority has not handled an IPO since 2012. ...

Category: topnews news business
8 hours ago, 00:05
@StandardMedia - By: Otiato Guguyu
Firms flee rating agencies to avoid books scrutiny

Over the last five years, 14 companies have withdrawn their ratings at GCR, some of which had been cited by the agency for poor outlook. ...

Category: business news
8 hours ago, 00:05
@StandardMedia - By: Wangui Mwaniki And ...
Why we need more than tax incentives to spur economic growth

The four priority areas are manufacturing, universal health coverage, affordable housing and food and nutrition security. ...

Category: business news
8 hours ago, 00:05
@StandardMedia - By: Macharia Kamau
Bill proposes radical changes in tea sector, restore KTDA as industry regulator

KTDA could revert to its old status as the industry regulator while a raft of levies charged on players along the value chain dropped. ...

Category: business news
8 hours ago, 00:05
@StandardMedia - By: Emily Kamunde-osor ...
Why the HR function remains key to business success

As renowned scholar and thought leader Dave Ulrich says the human resources (HR) function begins with business and ends with business. ...

Category: business news
Our App