Sharp Daily
No Result
View All Result
Tuesday, March 17, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenya, China sign pacts to transform power grid, boost connectivity

Brian Murimi by Brian Murimi
October 16, 2023
in News
Reading Time: 2 mins read

President William Ruto on Monday witnessed the signing of a wide-ranging memorandum of understanding between Kenya’s Ministry of Energy and Petroleum and China Energy Engineering Corp. Ltd. that aims to significantly modernize and improve the flexibility of Kenya’s aging electrical system.

The agreement specifically covers planning, designing and transforming Kenya’s outdated power generation facilities, transmission lines and distribution networks to optimize reliability and flexibility, according to a statement from State House. It also aims to boost Kenya’s use of renewable energy and advanced energy storage to support greater domestic energy self-sufficiency.

Speaking during a visit to China Energy Engineering’s headquarters in Beijing, Ruto urged Chinese companies and investors to actively pursue opportunities across Kenya’s energy, water and housing sectors. He touted Kenya’s wealth of natural resources and pledged that his administration would fully support foreign investors who bring value-added capabilities to extract and process those resources domestically.

“Kenya presents real opportunities for investment especially in transformative areas of our economy such as energy, water and housing,” Ruto said during brief remarks at the signing ceremony. “My administration is committed to supporting those who wish to invest in adding value to the abundant raw materials we possess.”

RELATEDPOSTS

Sasini targets China and India for avocado and macadamia exports after Middle East shipping disruptions

March 9, 2026

World Bank backs Sh65 billion upgrade of Nairobi commuter rail network

March 6, 2026

Ruto also witnessed the signing of a separate memorandum of understanding between Kenya and Chinese tech giant Huawei Corp. It aims to enlist Huawei’s help in developing Kenya’s lagging information and communications technology infrastructure and promote digitization of key sectors including transportation, e-government services, education and digital energy systems.

That agreement is vital to advancing Ruto’s Digital Superhighway and Bottom-up Economic Transformation initiatives, according to Kenyan officials.

“It will help cultivate vital digital skills in our workforce and enhance technological capacity building across critical emerging fields,” Ruto said. “I thank Huawei for its commitment to helping Kenya accelerate our digital inclusion efforts.”

The signings came as Ruto made his first visit to China since being elected president in August. He toured China Energy Engineering’s facilities and met with company executives and Chinese government officials during his three-day trip.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

KRA to auction smartphones and laptops in tax recovery effort

Next Post

OPINION: Debt write-off for sugar millers should kickstart resurgence in the sector

Brian Murimi

Brian Murimi

Brian Murimi is a communications and advocacy professional with a focus on innovation, policy and continental development in Africa. A former journalist, he now works at the intersection of knowledge, strategy, and pan-African institution building.

Related Posts

News

Understanding REITs and Their Role in Real Estate Investment

March 16, 2026
News

Inflation moderation signals stable macroeconomic conditions

March 16, 2026
News

Kenyan Sacco’s face Ksh660 million loss risk as Kuscco mutual assurance falls under regulatory control

March 16, 2026
News

entum Exits Sidian Bank After 22-Year Investment Through Final Stake Sale

March 13, 2026
News

Why Risk-Based Pricing Is Replacing Central Bank Rate Lending in Modern Banking

March 13, 2026
News

Building a safety net: How Kenyans can start an emergency fund from scratch

March 13, 2026

LATEST STORIES

Kenya’s rising pension contributions and the growth of long-term savings

March 16, 2026

Understanding REITs and Their Role in Real Estate Investment

March 16, 2026

Canal+ plans cheaper DStv and GOtv equipment to attract more subscribers

March 16, 2026

Inflation moderation signals stable macroeconomic conditions

March 16, 2026

Kenyan Sacco’s face Ksh660 million loss risk as Kuscco mutual assurance falls under regulatory control

March 16, 2026

Why Employers Should Opt Out of NSSF Tier II into Private Pension Schemes

March 13, 2026

entum Exits Sidian Bank After 22-Year Investment Through Final Stake Sale

March 13, 2026

Why Risk-Based Pricing Is Replacing Central Bank Rate Lending in Modern Banking

March 13, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024