@BusinessDaily

French firms eye Sh1trn investments in Kenya

6 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

7 hours ago, 15:39
@CapitalFMNews - By: Margaret Njugunah
Mobile operators have 7 days to switch off irregular SIM cards

NAIROBI, Kenya, Sept 18 - Communications Authority of Kenya has given mobile network operators one week to switch off Sim cards that are either Kenya breaking news | Kenya news today | ...

Category: business
42 minutes
@BusinessDaily - By: Jenny Lues
It’s time to rethink our expenditure plans

Kenya finds itself at a crossroads. It needs a better future, in terms of health and education, and lives lived. But in our modern world that depends on money, and money is made by business. ...

Category: business news markets economy lifestyle opinion
1 hours ago, 21:04
@BusinessDaily - By: Nasibo Kabale
Medics in strike threat over Pumwani saga

Doctors have threatened to go on a countrywide strike if the suspended colleagues from Pumwani hospital are not reinstated. ...

Category: business economy news corporate
1 hour ago
@BusinessDaily - By: Job Kabochi And I ...
Tax system calibration major test for KRA in 8pc fuel levy

Measured against the intense pain and financial burden that the new 16 per cent Value Added Tax (VAT) on fuel has caused across the Kenyan economy. ...

Category: business news
13 hours ago, 09:12
@DailyNation - By: Patrick Alushula
Why Sh3.1trn budget won’t add up easily

The cost of living is pointing north. ...

Category: topnews news business
1 hour ago
@BusinessDaily - By: Rufus Mwanyasi
MWANYASI: For the small guy, exchange funds close to

The platform offers investors a chance to hedge against losses in a depressed market. ...

Category: business news

@BusinessDaily

French firms eye Sh1trn investments in Kenya

6 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

7 hours ago, 15:39
@CapitalFMNews - By: Margaret Njugunah
Mobile operators have 7 days to switch off irregular SIM cards

NAIROBI, Kenya, Sept 18 - Communications Authority of Kenya has given mobile network operators one week to switch off Sim cards that are either Kenya breaking news | Kenya news today | ...

Category: business
42 minutes
@BusinessDaily - By: Jenny Lues
It’s time to rethink our expenditure plans

Kenya finds itself at a crossroads. It needs a better future, in terms of health and education, and lives lived. But in our modern world that depends on money, and money is made by business. ...

Category: business news markets economy lifestyle opinion
1 hours ago, 21:04
@BusinessDaily - By: Nasibo Kabale
Medics in strike threat over Pumwani saga

Doctors have threatened to go on a countrywide strike if the suspended colleagues from Pumwani hospital are not reinstated. ...

Category: business economy news corporate
1 hour ago
@BusinessDaily - By: Job Kabochi And I ...
Tax system calibration major test for KRA in 8pc fuel levy

Measured against the intense pain and financial burden that the new 16 per cent Value Added Tax (VAT) on fuel has caused across the Kenyan economy. ...

Category: business news
13 hours ago, 09:12
@DailyNation - By: Patrick Alushula
Why Sh3.1trn budget won’t add up easily

The cost of living is pointing north. ...

Category: topnews news business
1 hour ago
@BusinessDaily - By: Rufus Mwanyasi
MWANYASI: For the small guy, exchange funds close to

The platform offers investors a chance to hedge against losses in a depressed market. ...

Category: business news
Our App