French firm CMA CGM to invest in Kenya’s transport, logistics sector - Capital Business
Connect with us

Hi, what are you looking for?

Kenya

French firm CMA CGM to invest in Kenya’s transport, logistics sector

The agreement was signed during the Africa Forward Summit in the presence of President William Ruto and French President Emmanuel Macron and seeks to support development of port capacity, inland logistics and freight management systems in Kenya and the wider East and Central African region.

NAIROBI, Kenya, May 11 – French shipping and logistics giant CMA CGM Group has signed a strategic partnership agreement with the Government of Kenya aimed at expanding the country’s transport and logistics infrastructure as the company deepens its investment presence in Africa.

The agreement was signed during the Africa Forward Summit in the presence of President William Ruto and French President Emmanuel Macron and seeks to support development of port capacity, inland logistics and freight management systems in Kenya and the wider East and Central African region.

CMA CGM said the partnership will focus on identifying investment opportunities to improve Kenya’s logistics ecosystem and strengthen regional integration into global trade routes through upgraded infrastructure.

President Macron said CMA CGM had committed 700 million euros toward the renovation of two terminals at the Port of Mombasa as part of the broader logistics and transport partnership.

The company said the initiative is aimed at responding to rising maritime trade and supply chain demand across East and Central Africa by improving connectivity between ports, inland corridors and international markets.

CMA CGM, which has operated in Kenya since 2005, said it continues to play a key role in linking the ports of Mombasa and Lamu to global markets while supporting inland transport corridors across East Africa.

The company added that its Africa strategy is focused on expanding port and inland infrastructure, improving logistics integration and supporting decarbonisation of transport systems across the continent.

Currently involved in the operation and development of nine container terminals across Africa, the group said it is investing in maritime and land-based logistics hubs aimed at improving trade efficiency and regional connectivity.

Beyond infrastructure, CMA CGM also announced social investment projects in Kenya through the CMA CGM Foundation, including expansion of the I.O. Me001 Innovation Center in Mombasa and renovation of the main football field at the University of Nairobi.

Headquartered in Marseille, France, CMA CGM operates in 177 countries with a fleet of more than 700 vessels and transported over 24 million containers globally in 2025.

Visited 34 times, 34 visit(s) today

More on Capital Business

Kenya

Budget estimates tabled before Parliament of Kenya show total government expenditure rising from Sh4.29 trillion in the current financial year to about Sh4.82 trillion...

Technology

The company says the funding will help accelerate adoption of electric motorcycles and three-wheelers, particularly in underserved rural areas where access to fuel stations...

Kenya

The announcement was made during the launch of the company’s new Nairobi headquarters, which Glovo says will serve as part of its African digital...

Kenya

NAIROBI, Kenya, May 7 – Kenya’s push to industrialise is being held back by weak infrastructure and skills gaps, a new continental report shows....

Agriculture

The most significant threat to poultry in Kenya remains disease. Outbreaks of Newcastle Disease and the constant threat of Foot and Mouth Disease (FMD)...

Kenya

Data from Stanbic Bank Kenya shows the Purchasing Managers’ Index stood at 49.4 in April, signalling a contraction in business conditions for the second...

Kenya

The increase was driven by higher prices of food, transport and fuel, as captured in the latest Consumer Price Index report.

Companies

The engagement comes at a pivotal moment for Kenya’s industrial sector, as the country seeks to increase manufacturing’s contribution to GDP from 7.3% (KNBS,...