By James Anyanzwa
Business Reporter in Nairobi, Kenya
Nation Media Group
The CMA CGM Group, the world’s third-largest shipping company, this week signed a €700 million ($822.14 million) strategic agreement to support upgrades of Kenya’s Mombasa Port.
The agreement, signed by the group’s chief executive Rodolphe Saadé on the sidelines of the Africa Forward Summit, provides a framework for cooperation with Kenyan authorities to implement initiatives aimed at expanding the country’s logistics and port capacity.
