President William Ruto today witnessed the signing of seven agreements by Chinese companies planning to invest in new projects in Kenya.
This took place during the Kenya-China Investor Roundtable in Beijing on the first day of his state visit to China.
The firms involved include China Wu Yi, Chongqing Shancheng Apparel Group Co. Ltd, RongtaiSteel Co. Ltd, and the Kenya Smart Transportation Industry Park/Anhui Jiubao Electronic Co. Ltd.
Also signing agreements were Shandong Jialejia Agriculture and Animal Husbandry Technology Co. Ltd, Zonken Group, and Hunan Conference Exhibition Group/Hautian Hotel Management Company.
Speaking at the signing ceremony, President Ruto highlighted the crucial role of China’s private sector in driving Kenya’s economic growth through investments across various sectors.
“We endeavour to encourage even greater participation of China’s private sector in our journey of economic transformation, which, in turn, will create thousands of jobs for our youth,” he stated.
Present at the signing were Prime Cabinet Secretary Musalia Mudavadi, Trade Cabinet Secretary Lee Kinyanjui, ICT and Digital Economy CS William Kabogo, Roads CS Davis Chirchir, Investment Promotion Principal Secretary Hassan Abubakar, and Chinese Ambassador to Kenya Guo Haiyan.