Economy

Kenya, China Strengthen Partnership with New Trade Deals

President Ruto said his initiative to look for partnerships in the east does not imply dropping the west in the wake of ongoing trade tariffs initiated by U.S President Donald Trump.

President William Ruto hailed the Kenya-China strategic partnership as “permanent, people-centered, and delivering practical, tangible, impactful, and sustainable win-win situations.”

The visit, marked by high-level engagements with Chinese President Xi Jinping, culminated in the signing of 20 trade agreements and Memorandums of Understanding (MoUs) at the Great Hall of the People in Beijing.

The agreements, aligned with the Belt and Road Initiative, aim to bolster key sectors of Kenya’s economy, including road infrastructure, education, health, agriculture, the blue economy, green energy, and information and communication technology (ICT).

President Ruto said the commitments reflect China’s steadfast support for Kenya’s economic growth, job creation for its youth, and the unlocking of the nation’s untapped potential.

“China’s investment in our infrastructure and critical sectors is a testament to the strength of our partnership,” said President Ruto.

Also Read: Kenya Secures Over Ksh.126 Billion During President Ruto’s Visit to China

“These initiatives will create opportunities for Kenyans and drive sustainable development.”

On the diplomatic front, Presidents Ruto and Xi reaffirmed their commitment to promoting unity and cooperation among Global South nations, amplifying their collective voice in international forums.

They also advocated for reforms to the United Nations system, particularly the Security Council, to make it more representative and responsive to current global realities.

As Kenya continues to position itself as a hub for investment and innovation in Africa, the strategic partnership with China is poised to create thousands of jobs for Kenyans.

President Ruto said his initiative to look for partnerships in the east does not imply dropping the west in the wake of ongoing trade tariffs initiated by U.S President Donald Trump.

Kenya, China Strengthen Partnership with New Trade Deals
President William Ruto and his Chinese counterpart Xi Jinping
Monitor Your Business Transaction

Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button