In a significant move to enhance Kenya’s infrastructure, Treasury CS John Mbadi and Tan Jiong, President of China Development Bank, signed a major credit facility today in Beijing.

The deal, aimed at constructing rural roads across the country, is expected to stimulate economic growth and generate employment opportunities.

Davis Chirchir, Cabinet Secretary for Roads and Transport, witnessed the signing ceremony, along with key government figures such as Chris Kiptoo, Treasury PS and Joseph Mbugua, Roads PS.

These senior officials were present to underscore the agreement's significance, which aims to bolster Kenya's economy by improving infrastructure in underserved areas.

“The 15 rural roads will stimulate economic activities and create jobs in the country,” officials noted, reinforcing the project's transformative potential.

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Beyond the immediate impact on infrastructure, the deal also serves to strengthen bilateral relations between Kenya and the People’s Republic of China.

The signing of this credit facility marks another chapter in the ever-deepening cooperation between the two nations, particularly in economic and development ventures.

In addition to the road construction agreement, Chris Kiptoo and Wang Shaodan, Chairman of the China Africa Development Fund (CAD Fund), signed a Memorandum of Understanding (MoU) to foster closer cooperation under the Public-Private Partnership (PPP) model.

This MoU supports Kenya’s policy of encouraging private sector involvement in development projects, paving the way for more Chinese investments in the country's infrastructure.

The PPP model is expected to unlock substantial opportunities for long-term investments in Kenya's key sectors, further advancing the country’s development agenda.

“This partnership will play a critical role in supporting long-term investments in key sectors,” officials said, highlighting the anticipated boost to Kenya’s growth prospects through this enhanced cooperation.

Furthermore, China Development Bank announced plans to expand the existing China Africa Development Fund office by opening a new branch in Nairobi.

This move signals China’s commitment to deepening its economic ties with Kenya, with the expanded office set to coordinate and manage more extensive operations in the country.

Both agreements reflect Kenya’s dedication to fostering international partnerships to achieve its infrastructure development goals while simultaneously creating an enabling environment for private investments.