This archive report was first published on 15 November 2019.
On November 15, 2019, a delegation of Irish investors led by Minister for Business Enterprise and Innovation Heather Humphreys opened their two-day trade mission in Nairobi, marking the beginning of a significant investment drive in Kenya.
During the mission, more than 40 Irish companies inked investment deals worth Sh4.8 billion with their Kenyan counterparts, aiming to boost their presence in the country.
Minister Humphreys highlighted the potential of Kenya as one of the fastest-growing economies in Africa, presenting great partnership opportunities for Irish businesses.
"Irish companies are known the world over as being innovative and trusted partners, and we hope to bring this 'Irish Advantage' to Kenya, seeing more Irish companies invest, grow, and partner here," she said.
Several notable deals were announced during the mission, including the opening of new offices by Irish engineering firm Designer Group in Nairobi and Kampala, which will handle projects worth up to Sh4.4 billion in the region.
Online payment platform PiPiT invested Sh224.5 million in digital payment platform Cellulant and Takawal, a Kenyan bank, enabling customers to send money home and pay bills.
Animal husbandry inputs supplier Nutribio partnered with Norbrook East Africa for a Sh145.9 million annual manufacturing partnership over the next three years.
Other deals included Anam Technologies' expansion into Kenya with a new African headquarters and a partnership between Social Media and Oracle to offer digital skills training.
Trinity College Dublin signed a partnership agreement with the International Livestock Research Institute in Kenya, while the Irish government announced a Sh112.2 million grant for dairy production at farm level.
