C
Originally published by Capital Business
📰 Read Full Article
business
November 28, 2025
2h ago

Govt to deepen partnership with China to improve infrastructure

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.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article