• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, October 16, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Kenya, China Sign $1 Billion Strategic Deal

Lawrence Ankutseby Lawrence Ankutse
April 24, 2025
Reading Time: 3 mins read
Lawrence Ankutseby Lawrence Ankutse
in Africa
0
Kenya, China Sign $1 Billion Strategic Deal

President Xi Jinping and President William Ruto

Kenyan President William Ruto has sealed a landmark $1 billion agreement with China, underscoring Nairobi’s deepening ties with Beijing during a four-day state visit aimed at advancing mutual economic interests. 

The deal, signed in Beijing, channels funding into President Ruto’s Bottom-Up Economic Transformation Agenda (BETA), with major manufacturing, agriculture, and tourism allocations.

Speaking at a ceremony in the Chinese capital, President Ruto reaffirmed the long-standing development cooperation between the two countries, which he said has significantly altered Kenya’s infrastructure landscape. “We have achieved many things together,” he said. 

RelatedPosts

Military Leader To Be Sworn In As Madagascar’s President

Kenya’s Raila Odinga Dies Of Heart Attack

Rajoelina Dissolves Madagascar’s National Assembly

“Kenya is a member of the Belt and Road Initiative, and the results are visible — from the Mombasa–Nairobi–Naivasha railway to the Mombasa oil terminal and numerous road projects. These are not only reshaping Kenya but enhancing regional connectivity across East Africa.”

President William Ruto

Of the newly signed agreements, $320 million will go into manufacturing, $430 million into agriculture, and $230 million will support tourism initiatives. Among these are notable investments such as a $150 million deal with China Wu Yi for construction, a $400 million agricultural partnership with Zonken Group in Baringo County, and a tourism development plan by Hunan Conference Exhibition Group, marking the company’s entry into Kenya with a $230 million commitment.

Kenya China investors roundtable
Kenya-China investor roundtable

This visit, President Ruto’s third to China since assuming office, comes as global powers reassess alliances in response to shifting economic dynamics. The Kenyan leader framed the visit as an affirmation of a shared commitment to economic prosperity. “This visit speaks to the enduring friendship between our two countries and our shared vision for a prosperous future,” Ruto told delegates and Chinese officials.

Trade between the two nations continues to flourish. In the first quarter of 2025, bilateral trade soared to 16.13 billion yuan (approximately $2.2 billion), an 11.9% increase compared to the same period last year. This growth marks the sixth straight quarter of expansion, driven largely by rising Chinese exports of electronics, household appliances, and advanced manufacturing equipment to Kenya.

ADVERTISEMENT

Partnership Targets Growth In Key Sectors

Kenyan agricultural exports to China are also witnessing a remarkable surge. Since gaining access to the Chinese market in 2022, Kenya has exported over 6,800 tons of avocados worth 90 million yuan, making it China’s third-largest supplier of fresh avocados. Tea exports climbed 175.2% in the first quarter of 2025, while crab shipments increased by 30.7%, highlighting a growing Chinese appetite for Kenyan produce.

China’s influence in Kenya’s large-scale projects remains considerable. Construction is underway for the Nairobi Kingdom Tower, poised to become one of East Africa’s tallest skyscrapers. Meanwhile, Chinese firms are leading the charge in implementing 5G infrastructure, a move expected to propel Kenya’s digital transformation and economic connectivity.

Kenya also continues to draw heavily on Chinese loans to support infrastructure expansion. The bulk of KSh 68.7 billion in new loans this year comes from the China Development Bank, with a focus on road upgrades and critical public works. Aware of rising debt levels, President Ruto’s administration has committed to prudent borrowing practices and responsible debt management to ensure long-term fiscal sustainability.

The visit concluded with the signing of 20 new cooperation agreements spanning science, technology, vocational training, intelligent transport, and water resource management. These accords point to a broadening partnership that extends beyond traditional infrastructure to include cutting-edge sectors.

With China’s Belt and Road Initiative as a backdrop, Kenya is positioning itself as a central hub for Beijing’s strategic interests on the continent. Through expanded trade, targeted investments, and sustained diplomatic engagement, the East African nation is cementing its place as a key economic partner in the evolving Sino-African landscape.

READ ALSO: NPP Sponsors National Tour, Shifting Away From Tradition

Tags: Belt and road initiativeChinese investment in KenyaKenya China relationsKenya economic transformationWilliam Ruto China visit
Please login to join discussion
Previous Post

Zoomlion Advised Deal To Stay ‘Dead And Buried’

Next Post

Doctors Suspend Key Services at Tamale Teaching Hospital

Subscription Form

Related Posts

Military Leader To Be Sworn In As Madagascar’s President
Africa

Military Leader To Be Sworn In As Madagascar’s President

October 16, 2025
Kenyan opposition leader Raila Odinga.
Africa

Kenya’s Raila Odinga Dies Of Heart Attack

October 15, 2025
Rajoelina Dissolves Madagascar’s National Assembly
Africa

Rajoelina Dissolves Madagascar’s National Assembly

October 16, 2025
Cameroon Goes To The Polls
Africa

Cameroon Goes To The Polls

October 13, 2025
RSF Strikes Dar Al-Arqam Displacement Centre In El-Fasher
Africa

RSF Strikes Dar Al-Arqam Displacement Centre In El-Fasher

October 11, 2025
Eritrea, TPLF Accused Of Colluding To Attack Ethiopia
Africa

Eritrea, TPLF Accused Of Colluding To Attack Ethiopia

October 8, 2025
ADB Partners GhIPSS to Revolutionize Payments with Near Real Time (NRT) Transfers
Banking

ADB Partners GhIPSS to Revolutionize Payments with Near Real Time (NRT) Transfers

by M.COctober 16, 2025
Dr. Mahamudu Bawumia
General News

Kennedy Agyapong Cautions NPP Against Repeating Bawumia Candidacy

by Silas Kafui AssemOctober 16, 2025
Energy Commission Partners Ecobank to Launch a $31M Solar Initiative.
Extractives/Energy

Energy Commission Partners Ecobank to Launch a $31M Solar Initiative.

by Bless Banir YarayeOctober 16, 2025
Alan John Kwadwo Kyerematen, Founder of the United Party, Founder of the United Party
General News

Alan Kyerematen Outlines UP’s Core Values: Integrity, Discipline, and Patriotism Pivotal to Ghana’s Renewal

by Evans Junior OwuOctober 16, 2025
Gold Prices Rise on Powell’s Rate-Cut Signal 
Extractives/Energy

Gold Price Hits Over $4,200 High, Surges 58% Year-to-date

by Prince AgyapongOctober 16, 2025
Alan John Kwadwo Kyerematen, Founder of the United Party
General News

The Paradise Project: Alan Kyerematen Unveils United Party, to Make Ghana Africa’s Economic Powerhouse

by Evans Junior OwuOctober 16, 2025
ADB Partners GhIPSS to Revolutionize Payments with Near Real Time (NRT) Transfers
Dr. Mahamudu Bawumia
Energy Commission Partners Ecobank to Launch a $31M Solar Initiative.
Alan John Kwadwo Kyerematen, Founder of the United Party, Founder of the United Party
Gold Prices Rise on Powell’s Rate-Cut Signal 
Alan John Kwadwo Kyerematen, Founder of the United Party

Recent News

ADB Partners GhIPSS to Revolutionize Payments with Near Real Time (NRT) Transfers

ADB Partners GhIPSS to Revolutionize Payments with Near Real Time (NRT) Transfers

October 16, 2025
Dr. Mahamudu Bawumia

Kennedy Agyapong Cautions NPP Against Repeating Bawumia Candidacy

October 16, 2025
Energy Commission Partners Ecobank to Launch a $31M Solar Initiative.

Energy Commission Partners Ecobank to Launch a $31M Solar Initiative.

October 16, 2025
Alan John Kwadwo Kyerematen, Founder of the United Party, Founder of the United Party

Alan Kyerematen Outlines UP’s Core Values: Integrity, Discipline, and Patriotism Pivotal to Ghana’s Renewal

October 16, 2025
Gold Prices Rise on Powell’s Rate-Cut Signal 

Gold Price Hits Over $4,200 High, Surges 58% Year-to-date

October 16, 2025
Alan John Kwadwo Kyerematen, Founder of the United Party

The Paradise Project: Alan Kyerematen Unveils United Party, to Make Ghana Africa’s Economic Powerhouse

October 16, 2025
Subscription Form
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.