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The newly signed agreements channel over USD 950 million into priority sectors: USD 320 million for manufacturing, USD 430 million for agriculture, and USD 230 million for tourism.
Kenyan President William Ruto has signed a USD1 billion agreement with China as part of a five-day state visit aimed at deepening the strategic partnership between Nairobi and Beijing. The deal, announced Wednesday, focuses on accelerating key development projects under Kenya’s Bottom-Up Economic Transformation Agenda (BETA), including major investments in manufacturing, agriculture, and tourism.
Ruto emphasised the longstanding cooperation between the two nations, highlighting the transformative impact of Chinese-funded infrastructure such as the Standard Gauge Railway, Lamu Port, and Nairobi Expressway. The newly signed agreements channel over USD 950 million into priority sectors: USD 320 million for manufacturing, USD 430 million for agriculture, and USD 230 million for tourism.
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Key deals include a USD 150 million investment with China Wu Yi for construction, USD 400 million in agricultural projects led by Zonken Group in Baringo, and a USD 230 million tourism initiative by Hunan Conference Exhibition Group, a first-time investor in Kenya.
President Ruto’s visits — his third to China since taking office — come at a time of shifting global alliances and reflect Kenya’s commitment to strengthening ties with China amid global economic realignments.
