Kenyatta woos French investors to Kenya

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Kenya’s President Uhuru Kenyatta has urged French investors to choose Kenya as their preferred investment destination in Africa and assured them of his government’s support.
Speaking in Paris during a France-Kenya business forum hosted by MEDEF, the largest French business consortium in the world Kenyatta acknowledged the growing number of French businesses setting up base in Nairobi saying it has grown from less than 30 to over 100 companies in under ten years.
The Kenyan head of state said his administration is rolling out a cocktail of policy and market reforms that have seen Kenya’s ranking in the World Bank ease of doing business index improve significantly in recent years.
At the luncheon attended by top executives of leading French companies, Kenyatta said Kenya is keen to continue attracting win-win business partnerships to enable the country attain its development aspirations.
He said Kenya’s economy is open for French investments in sectors such as technology, infrastructure and energy, and cited the recent signing of a 1.3 billion Euro agreement for the construction of a highway in Kenya by the private sector as an example of the opportunities available to French companies.
French President Emmanuel Macron was represented at the business forum by his Minister for Europe and Foreign Affairs Franck Riester who rallied French companies to invest more in Kenya saying The European nation is keen on strengthening its economic ties with Kenya.

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