A total of Ksh.63 Billion worth of business agreements have been inked between Kenya and China across a variety of industries, including engineering, pharmaceuticals, and ICT.
On Tuesday, President William Ruto travelled to Beijing for a Kenya-China Investment summit. On Saturday night, Ruto travelled to China to take part in the Belt and Road Initiative forum, which is being held to commemorate its tenth anniversary.
The president of state emphasised that the agreement is a clear indication of China’s high level of confidence in Kenya while speaking at the occasion.
“These deals demonstrate the investors’ strong faith in China’s visionary Belt and Road Initiative, show profound faith in the dynamic Kenya-China Strategic Comprehensive Partnership, and exhibit tremendous confidence in Kenya’s bottom-up economic transformation agenda. These frameworks are very intentional efforts to expand the spectrum, enhance the scale and increase collaboration,” said the President.
He added, ”I also recognise the astute entrepreneurs, including Inner Mongolia Mingxu Electric Power Engineering Co. Ltd, Dongfeng Vinci Automobile Co. Limited, Guangdong Qiya Exhibition Co. Ltd, and Gaochuang Import and Export.”
The president also took use of the occasion to highlight the close cooperation between Kenya and China, pointing out that China has recently risen to become Kenya’s top commercial partner.
The goal of Ruto’s trip to China is to demonstrate Kenya’s active involvement in the Belt and Road initiative.
According to him, the event gathers international leaders in Beijing for discussions on collaboration and partnership, putting a special emphasis on infrastructure development and improved connectivity across continents.
In order to discuss issues of mutual benefit and collaboration, President Ruto will also have bilateral discussions with President Xi Jinping and other international leaders.
