France, Kenya Seal Business Deals Worth Billions

Posted on March 14, 2019 1:02 am

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French firms signed contracts in Kenya worth about 2 billion euros ($2.26 billion) during a visit 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. At a ceremony with Kenyan leader Uhuru Kenyatta, a consortium led by Vinci secured a 30-year concession worth 1.6 billion euros to operate a highway linking the Kenyan capital and