Kenya has signed seven major investment agreements with the Chinese government worth nearly one billion dollars, as President William Ruto continues his state visit to China. The deals, which span the manufacturing, agriculture, and tourism sectors, are projected to create over 24,000 jobs across various counties in Kenya.
On the second day of his visit, President Ruto chaired the Kenya-China Investor Roundtable in Beijing, where he witnessed the signing of the agreements. The Head of State emphasized Kenya’s strategic position as a gateway to East Africa and urged more Chinese investors to explore the abundant opportunities in the country.
Among the signed deals:
CHINA WU YI will invest $150 million in a Special Economic Zone for manufacturing, processing, and warehousing in Kikambala, Kilifi County.
Shangcheng Apparel Group Co., Ltd plans a $300 million investment to establish textile, garment, and solar power manufacturing plants in Murang’a and Athi River.
RONGTAI Steel Co. Ltd will inject $100 million into expanding its steel manufacturing operations in Lukenya, Machakos County, including new production lines and a research and development center.
Anhui Jiubao Electronic Technology Co. Ltd will invest $50 million in developing smart traffic components in Mombasa County.
In the agriculture sector:
Shandong Jialejia Agriculture and Animal Husbandry Technology will commit $30 million to establish a poultry farm with 500,000 laying hens in Kajiado County.
The Zonken Group will invest $400 million in large-scale cultivation, processing, and export of aloe vera in Baringo County.
In the tourism sector:
Hunan Conference Exhibition Group plans to invest $23 million to lease and operate hotels in Nairobi.
“These investments mark a significant milestone in Kenya-China relations and reflect growing global confidence in Kenya’s economic potential,” President Ruto said, noting the expected job creation across the targeted sectors.
Later today, the President is scheduled to deliver a public lecture at Peking University, where he is expected to further articulate Kenya’s development agenda and investment priorities.
