Home > Overseas Investment News > Chinese Investments in Kenya Hit Sh663bn, FM Wang Says
Chinese Investments in Kenya Hit Sh663bn, FM Wang Says
2016-08-11
Brief:Wang Yi,the Chinese Foreign Minister, said the Chinese investments and commitments to Kenya in the last three years were mainly in infrastructure and the establishment of industrial parks.
Wang spoke Wednesday during a meeting with President Uhuru Kenyatta
at State House, Nairobi
 
Wang said the Chinese investments and commitments to Kenya in the last three years were mainly in infrastructure and the establishment of industrial parks in Kisumu, Mombasa and Nairobi.
 
“It is our hope that mega projects like the Standard Gauge Railway (SGR) will leverage Kenya’s position as a regional trade and investment hub,” Wang said.
 
The Chinese Foreign Minister said he was pleased that the SGR has created over 40,000 jobs for Kenyans, adding that more economic benefits including the promotion of businesses along the railway line will be realized with the completion of the first phase of the project next year.
 
Wang spoke Wednesday during a meeting with President Uhuru Kenyatta at State House, Nairobi.
 
He said China views Kenya as an important link in Africa and expressed optimism that the economic and political cooperation between the two countries will help Kenya achieve its Vision 2030 targets.
 
President Kenyatta welcomed the increasing partnership between Kenya and China, saying it was playing a big role in helping Kenya achieve its socio-economic agenda to improve the welfare of Kenyans.
 
The President said SGR is an important project that will not only benefit Kenya but also open up the whole of East and Central Africa region for trade and investment.
 
“As a country, we play a pivotal role in opening up the region. We welcome the win-win partnership we have with China, especially in these infrastructure projects,” President Kenyatta said.
 
He said the frequent exchange visits by senior Chinese and Kenyan Government officials signified the determination to strengthen bilateral relations for the benefit of the people of the two countries.
 
The meeting, attended by Cabinet Secretaries Amina Mohamed (Foreign Affairs and International Trade), Adan Mohamed (Industrialization and Enterprise Development) and James Macharia (Infrastructure and Transport), also discussed regional peace and security.

Capital FM Kenya

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