Kenya Signs New Ksh24 Billion Loan with Chinese Bank
The Nairobi digital traffic management system was set to be completed by January 2025 according to documents from Treasury, but has faced delays due to, among other things, a shortage of funding...
✨ Key Highlights
Kenya has secured a new Ksh24 billion (USD 185 million) loan from the Export-Import Bank of China (China EximBank) to finance the Intelligent Transport System (ITS) Project in Nairobi, aimed at modernizing urban mobility and reducing traffic congestion.
- The agreement was signed on Wednesday, November 26, by Treasury Cabinet Secretary John Mbadi and Zhu Jia, Deputy General Manager of the Sovereign Business Department for China EximBank.
- The ITS project will equip 25 roundabouts in Nairobi with digital traffic management systems, including traffic lights, cameras, and sensors.
- The initiative is expected to improve traffic coordination, reduce congestion, enhance road safety, and shorten travel times, with an initial government contribution of Ksh6 billion for the project.
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Motorists Face Disruptions for Rironi-Nakuru Highway Launch as Kenya Secures Ksh24B for Nairobi Traffic System - November 2025
The Kenya National Highways Authority (KeNHA) announced significant traffic disruptions for Friday, November 28, on the Rironi–Nakuru–Mau Summit (A8) Road. Motorists have been advised to consider alternative routes due to the official launch of the highway's dualling project by President William Ruto. In a separate transport initiative, Kenya secured a new Ksh24 billion (USD 185 million) loan from the Export-Import Bank of China. This loan is set to finance the Intelligent Transport System (ITS) Project in Nairobi. The project's goal is to modernize urban mobility and reduce traffic congestion in the capital.
