
- Kenya Seeks New Chinese Investments to Boost Infrastructure Development.
Kenya is deepening its economic ties with China as the National Treasury seeks expanded investment opportunities in infrastructure and Public-Private Partnership (PPP) projects.
In a high-level meeting held in Beijing, Principal Secretary for the National Treasury, Dr. Chris Kiptoo, engaged in discussions with China’s Assistant Minister for Commerce, Mr. Tang Wenhong, to explore new areas of collaboration.
Dr. Kiptoo emphasized the significant contributions of Chinese investments to Kenya’s development, citing the Nairobi Expressway as a prime example of successful (PPP) cooperation.
He reiterated Kenya’s commitment to attracting more Chinese investors to finance key sectors such as transport, energy, and industrialization, aligning with the Bottom-Up Economic Transformation Agenda (BETA).
The meeting explored Kenya’s strategic push to secure foreign direct investment that will accelerate economic growth and infrastructure expansion.
In response, Mr. Tang reaffirmed China’s long-term commitment to supporting Kenya’s economic aspirations.
He assured Dr. Kiptoo that China remains keen on boosting sustainable and mutually beneficial economic ties, particularly in trade, infrastructure development, and investment facilitation.
The meeting also discussed the need for strengthened collaboration between public and private sector players to drive large-scale development projects.
The meeting was attended by Kenya’s Ambassador to China, Amb. Willy Bett, his deputy Amb. Lynette Ndile, and senior Treasury officials.