French companies to invest $10bn in Kenyan projects

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President Uhuru Kenyatta of Kenya says French companies plan to invest more than $10 billion in 12 Kenyan projects spanning the manufacturing, energy, agriculture and technology industries.

About 60 executives from companies including Schneider Electric SE, Total SA, Urbasolar, Peogeout SA and Bollore SA are visiting Kenya in search of investment opportunities, the presidency said Wednesday in a statement.

 Kenyatta, who was re-elected last year, is seeking to expand the $70 billion East African economy with a so-called “Big Four” plan that involves boosting manufacturing to 20 percent of gross domestic product, enhancing food security, building half a million affordable housing units and providing universal health-care within the next five years.
Suzan O.