Meeting with the French business community in Kenya [fr]
The Embassy of France in Kenya organized on April 5, 2018, in the presence of the Chargée d’Affaires a.i Mrs Kim Ramoneda, a networking event bringing together the French business community based in Kenya.
This event enabled the various networks that animate this business community to recall their mandate and their scope of action. Among those who graced this event included :
The Head of the Regional Economic Service, Mr. Benoît Gauthier
The Regional Director of Business France, Mr. Xavier Chatte-Ruols
AFD Deputy Director, Mr. Sébastien Valleur
The President of the French Foreign Trade Advisors (CCEF), Mr. Eric Rouvillois
The Director of the French Chamber of Commerce in Kenya, Mrs. Justine de Guerre
The President of the V.I.E Club, Mr. Augustin Bonniol.
Business interest in Kenya is explained by the country’s good growth prospects; Kenya’s privileged position as a logistics and trade hub on East Africa; and the government’s pro-business bias that encourages the private sector to invest in the country’s development.
In 2017, French exports to Kenya increased by 11.7% compared to 2016, reaching EUR 171.2 million. More than 800 French companies have exported to Kenya, including a large proportion of SMEs and TWAs.
The number of our locations has grown from 35 in 2012 to over 100 today. Several major French groups have recently made their installation official, such as Accor, Peugeot, Décathlon, Société Générale, Air France and France 24.
France is the 3rd foreign investor in Kenya, with nearly 10% of the FDI stock.