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.