1 Updates
France vows to enhance trade ties with Kenya
Photo Credit: Andrew H. Walker, Getty Images

France vows to enhance trade ties with Kenya

Jul 16 2013, 2:50am CDT | by

Nairobi, July 16 (IANS) France has vowed to enhance its commercial ties with Kenya for the benefit of both nations, the French envoy to Kenya said here.

Nairobi, July 16 — France has vowed to enhance its commercial ties with Kenya for the benefit of both nations, the French envoy to Kenya said here. Ambassador Etienne De Poncins told Xinhua that in...

Filed under: news

YouTube Videos

 
 
 

1 year ago

France vows to enhance trade ties with Kenya

Jul 16 2013, 2:50am CDT | by

Nairobi, July 16 (IANS) France has vowed to enhance its commercial ties with Kenya for the benefit of both nations, the French envoy to Kenya said here.

Nairobi, July 16 — France has vowed to enhance its commercial ties with Kenya for the benefit of both nations, the French envoy to Kenya said here.

Ambassador Etienne De Poncins told Xinhua that in 2012, total trade between the two countries reached 313 million euros (about $407 million).

"Both countries have agreed to build on the momentum achieved so far, so that trade volumes reflect the cordial ties between the two countries," Poncins said during the 2013 celebrations of the French Bastille day.

This comes barely three months after a French development agency extended a $20 million credit facility to Nairobi-based Shelter Afrique in order to spur growth in the mortgage sector on the continent.

He noted that French exports to Kenya rose by 37 percent in 2012 to reach 235 million euros. "The main reason for the increase was because Kenya's electoral body purchased biometric voter kits worth 56 million euros from a French company," he said.

"In addition, another French firm also built a substation for Kenya's national electricity transmission firm for 16 million euros in 2012," he said.

According to the French embassy in Nairobi, other major French exports to Kenya include chemicals, cosmetics, pharmaceuticals and food products.

Poncins, who is also France's Ambassador to Somalia, said that Kenya's exports to France declined by 14 percent in 2012 to reach 77 million euros. "This is mainly attributed to the lower international prices for Kenya's key exports," he said.

"Most of Kenyan's exports to France are agricultural based commodities," he said.

He noted that most of French aid to Kenya goes to the health sector.

"In the past 12 years, France has extended over $114 million to combat HIV through multilateral agencies," he said.

The envoy noted that Kenya is a key partner in the Horn of Africa region.

"Kenya is also the regional economic hub of the eastern African region, which is one of the fastest growing areas in the world," he said.

He noted that Franco-Kenya ties have stretched for more than 40 years. In 2011, both governments signed an enhanced partnership agreement.

"The accord was aimed at providing a platform for enhancing bilateral ties on all fronts," Poncins said.

IANS

Source: IANS

 

Don't miss ...

 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

Modi's visit to Buddha's birthplace uncertain
Kathmandu, July 31 (IANS) The visit of Indian Prime Minister Narendra Modi to Lumbini, the birthplace of Gautam Buddha and a Unesco World Heritage Site in Nepal, has not been confirmed yet, a minister said.
 
 
Three Israeli soldiers killed in Gaza
Gaza, July 31 (IANS) At least three Israeli soldiers were killed in the Gaza Strip, an Israel Defence Forces (IDF) spokesperson said.
 
 
US woman sues Facebook over 'revenge porn' images
New York, July 31 (IANS) A woman in the US has filed a $123 million case against social networking site Facebook for not deleting "revenge porn" images uploaded by her old friend.
 
 
'Brazil needs political reform, modernisation'
Brasilia, July 31 (IANS) Brazilian President Dilma Rousseff said Wednesday that the country needed political reform and modernisation to limit state bureaucracy and spur economic activity.
 
 
 

Latest from the Network

Javelin thrower Annu Rani finishes eighth
Glasgow, July 31 (IANS) India's javelin thrower Annu Rani finished eighth in a field of 12 in the women's event, touching a distance 56.37 metres, at the Commonwealth Games here Wednesday night. The gold went to Kim...
Read more on Sport Balla
 
Modi's visit to Buddha's birthplace uncertain
Kathmandu, July 31 (IANS) The visit of Indian Prime Minister Narendra Modi to Lumbini, the birthplace of Gautam Buddha and a Unesco World Heritage Site in Nepal, has not been confirmed yet, a minister said. Nepal's...
Read more on Politics Balla
 
US sanctions two North Korean shipping companies
Washington, July 31 (IANS) The US government has imposed sanctions on two North Korean shipping companies for their attempt to import arms and related material from Cuba last year. The sanctions were imposed Wednesday...
Read more on Business Balla
 
Justin Bieber taunts Orlando Bloom
Justin Bieber has poked fun at Orlando Bloom online. The 'Baby' singer, who narrowly avoided being punched by the British actor during a heated dispute in Ibiza in the early hours of Wednesday morning (07.30.14) that...
Read more on Celebrity Balla
 
JWoww wants to adopt
JWoww is thinking about adopting a child. The former 'Jersey Shore' star, real name Jenni Farley, only gave birth to her first baby, Meilani, on July 13 but she and fiancé Roger Matthews are already considering adoption...
Read more on Celebrity Balla
 
Kiefer Sutherland's London tour guide
Emily Berrington acted as Kiefer Sutherland's London tour guide. Whilst filming '24: Live Another Day' in London, Emily managed to squeeze in some sight-seeing with the show's lead actor, Kiefer Sutherland. The blonde...
Read more on Celebrity Balla
 
Ancient wine cup unearthed in Greece
Athens, July 31 (IANS) A team of Greek archaeologists have unearthed an ancient wine cup that dates back to the fifth century B.C. The team said that the cup was found Wednesday in a grave which was unearthed in...
Read more on Apple Balla
 
'Ebola could be a threat to Britain'
London, July 31 (IANS) The fatal Ebola virus, which has killed hundreds of people since February, could be a threat to Britain, Foreign Secretary Philip Hammond said. The disease has killed more than 600 people in...
Read more on Business Balla
 
Three Israeli soldiers killed in Gaza
Gaza, July 31 (IANS) At least three Israeli soldiers were killed in the Gaza Strip, an Israel Defence Forces (IDF) spokesperson said. "Three IDF soldiers were killed Wednesday night in combat while uncovering an...
Read more on Politics Balla
 
Chris Pratt starved himself for film role
Chris Pratt starved himself for 'Guardians of the Galaxy'. The 35-year-old actor stars as Peter Quill aka Star Lord in the upcoming adventure sci-fi and he's confessed he had to put a lot of hard work into making sure...
Read more on Movie Balla