Industrialisation CS Adan Mohamed. FILE PHOTO | NMG
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.
Medef
president Pierre Gattaz said French technology firms are ready to work
closely with Kenyan technical and vocational training centres to boost
the country’s pool of trained and skilled workers.
President
Uhuru Kenyatta, while meeting the delegation, tasked Mr Mohamed to
co-ordinate the investment plans by the French firms.
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