Last Updated 13 years ago by Kenya Engineer
President Uhuru Kenyatta’s visit to China on Monday yielded a $5 billion (KSh 425 billion) arrangement between China and Kenya. The agreements have $1 billion (KSh85 billion) for energy-related projects with the remaining $4 billion to cater for economic partnerships, wildlife protection, and the standard gauge railway linking Mombasa to Malaba.
President Kenyatta and President Xi Jinping held talks at the Great Hall of the People in Beijing. “These agreements deepen our practical cooperation,” President Xi told President Kenyatta shortly before the agreements were signed. “China supports Kenya’s quest for industrialization.”
President Kenyatta acknowledged China’s support stating that China is playing a critical role in the realization of Vision 2030, especially in the execution of capital-intensive flagship projects. Speaking about the LAPSSET project, President Kenyatta said it would provide better access to markets to goods from Kenya as well as Uganda Rwanda, Burundi and eastern Democratic Republic of the Congo.
“We welcome the investment in key sectors of our economy. The rail link, particularly, is important in the context of East Africa’s shared goal of ensuring quicker movement of peoples, goods and services,” said President Kenyatta.
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