Share

In Kenya push, France seals business deals worth over $2B

French firms signed contracts in Kenya worth some 2 billion euros ($2.26 billion) during a visit on Thursday by President Emmanuel Macron, who wants to deepen France’s economic ties with Anglophobe East Africa.

Macron’s visit to Nairobi is the first by a French president since Kenya won independence from Britain in 1963 and follows stopovers in Ethiopia and Djibouti — all countries where China has moved in aggressively and presents stiff competition.

Kenya is east Africa’s most advanced economy with a liberal business environment and entrepreneurial culture.

French exports to Kenya in 2017 amounted to between $170 million and $225.80 million, while China, Kenya’s number one trading partner, exported goods worth $3.8 billion.






Article source: http://www.dailystar.com.lb//Business/International/2019/Mar-14/478801-in-kenya-push-france-seals-business-deals-worth-over-2b.ashx