• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, May 18, 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

April 24, 2025
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

Chad Detains Opposition Leader Over Deadly Clashes

Gabon’s Ousted President Relocated To Angola

AU, ECOWAS Deepen Security Ties In Addis Meeting

“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.

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

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Africa Can Lead the Next Digital Revolution – MTN CEO
Vaultz Business

Africa Can Lead the Next Digital Revolution – MTN CEO

May 18, 2025
UK Travellers May Soon Use EU E-Gates
UK

UK Travellers To Use EU E-Gates

May 18, 2025
Pope Leo XIV holds Mass during the formal inauguration of his pontificate in St. Peter's Square attended by heads of state, royalty and ordinary faithful, Sunday, May 18, 2025.
Europe

Pope Leo Calls For Love And Unity In Inaugural Mass

May 18, 2025
Talent Is Not Enough, Management Is Everything – Bullgod
Entertainment

Bullgod Recalls Final Call with Dada KD

May 18, 2025
free dialysis treatment by government
Health

The Passion That Fueled the Establishment of the Upper East Dialysis Centre

May 18, 2025
Dr Mahamudu Bawumia
General News

Bawumia’s Redemption Depends on Regaining Public Trust – IMANI Boss 

May 18, 2025
Africa Can Lead the Next Digital Revolution – MTN CEO
Vaultz Business

Africa Can Lead the Next Digital Revolution – MTN CEO

by Stephen M.CMay 18, 2025
UK Travellers May Soon Use EU E-Gates
UK

UK Travellers To Use EU E-Gates

by Lawrence AnkutseMay 18, 2025
Pope Leo XIV holds Mass during the formal inauguration of his pontificate in St. Peter's Square attended by heads of state, royalty and ordinary faithful, Sunday, May 18, 2025.
Europe

Pope Leo Calls For Love And Unity In Inaugural Mass

by Comfort AmpomaaMay 18, 2025
Talent Is Not Enough, Management Is Everything – Bullgod
Entertainment

Bullgod Recalls Final Call with Dada KD

by Esther Korantemaa OffeiMay 18, 2025
free dialysis treatment by government
Health

The Passion That Fueled the Establishment of the Upper East Dialysis Centre

by Lilian AhedorMay 18, 2025
Dr Mahamudu Bawumia
General News

Bawumia’s Redemption Depends on Regaining Public Trust – IMANI Boss 

by Evans Junior OwuMay 18, 2025
Africa Can Lead the Next Digital Revolution – MTN CEO
UK Travellers May Soon Use EU E-Gates
Pope Leo XIV holds Mass during the formal inauguration of his pontificate in St. Peter's Square attended by heads of state, royalty and ordinary faithful, Sunday, May 18, 2025.
Talent Is Not Enough, Management Is Everything – Bullgod
free dialysis treatment by government
Dr Mahamudu Bawumia
[/vc_row_inner]

Recent News

  • Africa Can Lead the Next Digital Revolution – MTN CEO
  • UK Travellers To Use EU E-Gates
  • Pope Leo Calls For Love And Unity In Inaugural Mass
  • Bullgod Recalls Final Call with Dada KD
  • The Passion That Fueled the Establishment of the Upper East Dialysis Centre
The Vaultz News

Copyright © 2021 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 © 2021 The Vaultz News. All rights reserved.