Naivas and Kenya Airways Among 10 Kenya Firms in France to Scout for Business Deals
- France and Kenya enjoyed a cordial working relationship since the two nations signed various bilateral deals
- France is among the countries in Europe where Kenyan investors have been scouting for opportunities as they try to expand their footprint into the European market
- Ten Kenyan firms, mostly in agribusiness, will visit the country this week in search of investment opportunities
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Bonface Kanyamwaya, a journalist at TUKO.co.ke, has over 10 years of experience in finance, economics, business, markets, and aviation, offering insights into Kenyan and global trends.
Naivas Supermarket and Kenya Airways are among the 10 Kenyan firms set to visit Mayotte, a French overseas territory, for four days of business meetings.
Source: Getty Images
The visit, which started on Wednesday, May 28, and ends on Saturday, May 31, will also include companies such as the Kenya Plant Health Inspectorate Service.
Others include Ngong Veg, a Kenyan company specialising in the production and export of high-quality fresh vegetables, particularly to European markets.
"From May 28 to 31, 10 Kenyan companies and operators will visit Mayotte to explore business opportunities in this French overseas territory located in the Indian Ocean. During this four-day event, they will learn more about Mayotte's economy and the business opportunities it offers through sectoral presentations, site visits, B2B meetings, and a business forum. The sectors covered will be agriculture, logistics, construction, and the circular economy," said a statement from the French Embassy in Nairobi on Wednesday, May 28.
Which other companies are on the visit?
The statement added that the other firms on the visit include Arriana Exports, a Kenyan company involved in the export of agricultural products, particularly tropical fruits, vegetables, and spices.
It works with small-scale producers to give them access to international markets, focusing on quality and compliance with international standards.
Others include Masafi Fruits, a Kenyan company engaged in the cultivation, distribution, and export of tropical fruits, fresh vegetables, fruit juices, preserves, and frozen vegetables.
Alpha Group, a Kenyan conglomerate operating in maritime, logistics, and industrial services, with a strong presence in East Africa, is also among the companies visiting Mayotte.
"The companies and operators are invited by the Development and Innovation Agency of Mayotte (ADIM), a publicly sponsored agency dedicated to supporting the economic attractiveness of the territory, in collaboration with Business France, a French government-funded public firm that promotes France to foreign investors, the County of Mayotte, the Kenya National Chamber of Commerce and Industry (KNCCI), and the French Chamber of Commerce in Kenya," said the statement.
Mayotte, a French overseas territory and an outermost region of the European Union, occupies a unique position at the crossroads of East Africa and Europe.
This territory has experienced dynamic economic growth over the past decade and presents relevant opportunities for the export of goods and services from Kenya.
Source: Getty Images
French economy returns to thin growth in Quarter One
French economy returned to growth in the first quarter of the year, but the expansion was modest.
The expansion was held back by sluggish household consumption and stagnant investment, official data showed on Wednesday.
Gross domestic product (GDP) expanded by 0.1 percent between January and March in the Eurozone's second-biggest economy, after a 0.1% contraction in the fourth quarter.
Proofreading by Asher Omondi, copy editor at TUKO.co.ke.
Source: TUKO.co.ke
