President Ruto has secured 7 deals totaling Ksh 107 billion during his visit to China.
Ruto witnessed the signing of the multi-billion investment deals with Chinese companies.
“We endavour to encourage even greater participation of China’s private sector into our journey of economic transformation, which in turn, will create thousands of jobs for our youth. At the Kenya-China Investor Roundtable in Beijing, I witnessed the signing of seven deals by Chinese companies that intend to invest in Kenya with new projects. The investment deals span the manufacturing, agriculture, and tourism sectors,” Ruto noted in a statement.
Kenya sings deals with China. Photo: Courtesy.
Under manufacturing, the government secured a 19.5 billion deal from China Wu Yi company.
The government also secured Ksh 2.6 billion from Chongqing Shengsheng Apparel Group company and Ksh 6.5 billion from Beijing Shenzhou Zhonghe Education Technology company.
Agriculture sector was also not left out, Kenya finalized a Ksh 52 billion deal Zonken Group and a Ksh 3.9 billion funding from Shandong Jiajiali Agriculture and Animal Husbandry Technology company.
A Ksh 2.9 billion deal was moreover secured from Biltmore Manhattan Hotel Management company for a construction of a 5-star hotel in Nairobi.
President Ruto is currently on a 4-day state visit to China.
The President arrived in China on Tuesday evening in the company of First Lady Mama Rachel Ruto and other government officials.
