Govt Opens Talks With 4 Major Chinese Banks for Key Govt Projects

During the meeting, the delegates also deliberated on the progress on Chinese funded projects in Kenya, including Intelligent Transport Systems (ITS) in Nairobi...

✨ Key Highlights

A Kenyan delegation led by Foreign Affairs Principal Secretary, Korir Sing'Oei, recently engaged with four major Chinese financial institutions in Beijing, China, to secure funding for key development projects. These talks focused on sustainable financing and accelerating infrastructure development across Kenya.

The delegation held discussions with the China-Africa Development Fund (CAD Fund), China Development Bank, the Export-Import Bank of China (CEXIM), and the Bank of China.
Engagement emphasized models promoting Kenya's economic growth and job creation, ensuring compliance with the budget and government objectives.
Under the Forum on China-Africa Cooperation (FOCAC) framework, both sides reviewed ongoing initiatives, including the Technical and Vocational Education and Training (TVET) programme and the Intelligent Transport Systems (ITS) project in Nairobi.

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