Govt to deepen partnership with China to improve infrastructure
NAIROBI, Nov. 28 (Xinhua) -- Kenyan President William Ruto on Thursday said his government will continue to deepen cooperation with China in a spirit of Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kenyan President William Ruto announced the government's commitment to deepening cooperation with China, particularly in infrastructure development. This commitment was highlighted during a meeting with the Export-Import Bank of China (China Exim Bank), where a significant loan agreement for an Intelligent Transport System was discussed.
- Kenya secured a $185 million concessional loan from China Exim Bank for the Intelligent Transport System (ITS) project.
- The agreement was signed by Kenya's National Treasury Cabinet Secretary John Mbadi and Deputy General Manager of the Sovereign Business Department at the China Exim Bank Zhu Jia.
- The ITS project aims to improve traffic coordination, enhance road safety, and modernize key transport corridors in Kenya, leading to reduced congestion and economic savings.
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Kenya Announces Plans for Road Dualling and Cross-Border Financial Market Integration - November 2025
The Kenyan government is moving forward with significant infrastructure initiatives. President William Ruto announced that tenders for the dualling of Kiambu Road and the Northern Bypass are scheduled for release in early 2026 to address significant traffic congestion. President Ruto also announced a commitment to deepen cooperation with China, particularly in infrastructure development. This was highlighted during a meeting with the Export-ImpoÂrt Bank of China where a loan for an Intelligent Transport System was discussed. Separately, the Nairobi Securities Exchange (NSE) and the National Securities Exchange of Somalia (NSES) signed a Memorandum of Understanding. This agreement aims to foster financial integration through cross-border listings and technology collaboration.
