France signs contracts worth over 2 billion euros in this East African country

PUBLISHED: Thu, 14 Mar 2019 10:51:55 GMT


NAIROBI (Reuters) – France signed infrastructure contracts in Kenya worth more than 2 billion euros ($2.26 billion) on Thursday, including a 1.6 billion euro 30-year concession for a Vinci-led consortium to operate a highway between Nairobi and Mau Summit.

Renewables firm Voltalia also sealed a 70 million euro contract for two solar power plants, while an Airbus-led consortium won a 200 million euro contract for coastal and maritime surveillance.

The contracts were signed during a visit by President Emmanuel Macron, who is seeking to boost trade in the East Africa region.

($1 = 0.8860 euros)

Reporting by John Irish; Editing by Richard Lough/Sudip Kar-Gupta

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.