@BusinessDaily

Sanofi regional office is opened in Nairobi

5 months ago, 26 Apr 16:05

By: Ivy Nyayieka

Pharmaceutical firm Sanofi has opened a regional office in Nairobi to co-ordinate its commercial activities in the country and neighbouring states including Uganda, Tanzania and Ethiopia.

Sanofi has been supplying prescription products and vaccines in the East African market.

“Establishing a regional office in Kenya is a strong vote of confidence by Sanofi on its investment intent for the region,” Peter Munyasi, general manager of Sanofi for East Africa said.

In Kenya, Sanofi has concentrated its disease management efforts on diabetes and thrombosis, launching a new diabetes drug last month.

The drug maker joins an increasing number of French multinationals which are growing their footprint in Kenya.

The deputy head of mission charge d’affaire at the French embassy, Kim Ramoneda, said the number of companies with offices in Kenya had risen to 100.

She attributed the interest to the country’s growth prospects and its status as a regional transport hub, attributes that have also attracted multinationals from other countries including the United States.

Other firms that have set up regional offices in Nairobi include construction firm Bechtel and General Electric.


Read More


Category: business news corporate lifestyle

Suggested

9 hours ago, 23:50
@TheStar - By: Cynthia Ilako @la ...
Bond sales pick up after rate cap wait

Fund managers are likely to increase investment in Treasury Bonds as long as the law capping interest rates on commercial loans is in place. Over the year, investors have been reluctant to inject mone ...

Category: topnews news business
9 hours ago, 00:08
@StandardMedia - By: Otiato Guguyu
Investors shun State bonds on poor returns

Holders more inclined to short-term papers as uncertainty over new tax measures and proposed budget cuts also serve to whittle down interest. ...

Category: business news
9 hours ago, 00:07
@StandardMedia - By: Otiato Guguyu
Land fraud puts off investor firms

Foreign firms have to pay more to carry out due diligence on Kenya’s land documents and this has dampened their desire to invest in their own offices. ...

Category: topnews news business
9 hours ago, 00:10
@StandardMedia - By: Moses Michira
Uhuru's dilemma in the face of overburdened Kenyans?

A key plank in his re-election pledge was lowering the cost of living for Kenyans, but the new taxes mean the exact opposite. ...

Category: business news
9 hours ago, 00:08
@StandardMedia - By: Macharia Kamau
MPs vow to retain interest rates cap

In fact, Finance Committee wants the charges on loans to be reduced further. ...

Category: business news
15 hours ago, 17:32
@BusinessDaily - By: Victor Juma
RMA books Sh550m from Land Rover franchise sale

Thailand-based RMA Group earned Sh550 million from the recent sale of its Jaguar Land Rover (JLR) franchise in Kenya to London-based Inchcape Plc. ...

Category: business corporate news opinion

@BusinessDaily

Sanofi regional office is opened in Nairobi

5 months ago, 26 Apr 16:05

By: Ivy Nyayieka

Pharmaceutical firm Sanofi has opened a regional office in Nairobi to co-ordinate its commercial activities in the country and neighbouring states including Uganda, Tanzania and Ethiopia.

Sanofi has been supplying prescription products and vaccines in the East African market.

“Establishing a regional office in Kenya is a strong vote of confidence by Sanofi on its investment intent for the region,” Peter Munyasi, general manager of Sanofi for East Africa said.

In Kenya, Sanofi has concentrated its disease management efforts on diabetes and thrombosis, launching a new diabetes drug last month.

The drug maker joins an increasing number of French multinationals which are growing their footprint in Kenya.

The deputy head of mission charge d’affaire at the French embassy, Kim Ramoneda, said the number of companies with offices in Kenya had risen to 100.

She attributed the interest to the country’s growth prospects and its status as a regional transport hub, attributes that have also attracted multinationals from other countries including the United States.

Other firms that have set up regional offices in Nairobi include construction firm Bechtel and General Electric.


Read More

Category: business news corporate lifestyle

Suggested

9 hours ago, 23:50
@TheStar - By: Cynthia Ilako @la ...
Bond sales pick up after rate cap wait

Fund managers are likely to increase investment in Treasury Bonds as long as the law capping interest rates on commercial loans is in place. Over the year, investors have been reluctant to inject mone ...

Category: topnews news business
9 hours ago, 00:08
@StandardMedia - By: Otiato Guguyu
Investors shun State bonds on poor returns

Holders more inclined to short-term papers as uncertainty over new tax measures and proposed budget cuts also serve to whittle down interest. ...

Category: business news
9 hours ago, 00:07
@StandardMedia - By: Otiato Guguyu
Land fraud puts off investor firms

Foreign firms have to pay more to carry out due diligence on Kenya’s land documents and this has dampened their desire to invest in their own offices. ...

Category: topnews news business
9 hours ago, 00:10
@StandardMedia - By: Moses Michira
Uhuru's dilemma in the face of overburdened Kenyans?

A key plank in his re-election pledge was lowering the cost of living for Kenyans, but the new taxes mean the exact opposite. ...

Category: business news
9 hours ago, 00:08
@StandardMedia - By: Macharia Kamau
MPs vow to retain interest rates cap

In fact, Finance Committee wants the charges on loans to be reduced further. ...

Category: business news
15 hours ago, 17:32
@BusinessDaily - By: Victor Juma
RMA books Sh550m from Land Rover franchise sale

Thailand-based RMA Group earned Sh550 million from the recent sale of its Jaguar Land Rover (JLR) franchise in Kenya to London-based Inchcape Plc. ...

Category: business corporate news opinion
Our App