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Home Economy

Seven deals to propel Kenya’s economic growth

Brian Otieno by Brian Otieno
April 28, 2025
in Economy
Reading Time: 2 mins read

President Ruto’s state visit to China that commenced on April 22nd, culminated into a landmark achievement for Kenya’s economic ambitions on 23rd April 2025 where seven transformative investment agreements worth KES 107.0 billion were sealed with Chinese firms at the Kenya-China Business Forum in Beijing. These deals ranging from manufacturing, agriculture, tourism, to infrastructure, are set to generate over 24,000 jobs and align with Kenya’s Bottom-Up Economic Transformation Agenda (BETA) as per the president’s economic advisor Dr Ndii, further cementing Kenya’s position as an economic hub in East Africa.

The major deal involves Zonken Group’s KES 51.8 billion investment in Baringo County for aloe vera farming and processing, alongside vineyard development across 372 acres. This agro-industrial project aims to turn arid regions into productive farmland, creating jobs and boosting Kenya’s export potential. Similarly, Shandong Jialejia Agriculture’s KES 3.8 billion poultry breeding and feed production facility in Kajiado County will increase poultry production, reducing Kenya’s reliance on poultry imports while also creating jobs.

Manufacturing sector also received a significant boost with China Wu Yi’s KES 19.4 billion Special Economic Zone in Kikambala, Kilifi County. The economic Zone that has 191 acres will focus on manufacturing and warehousing, creating jobs and leveraging tax incentives. Rongtai Steel’s KES 13.0 billion investment will expand steel production in Lukenya generating numerous jobs.  Not left behind in manufacturing was Chongqing Shancheng Apparel Group’s KES 2.5 billion textile and solar power factories in Murang’a and Athi River that will not only create numerous jobs but also enhance enhancing Kenya’s renewable energy and textile sectors.

In infrastructure, the Kenya Smart Transportation Industry Park, partnered with Anhui Jiubao Electronic Technology that will invest KES6.5 billion in Mombasa for a smart traffic components hub and a Murang’a factory, creating jobs. Tourism also gained traction with Hunan Conference Exhibition Group’s KES 2.9 billion commitment to acquire or lease hotels in Nairobi metropolitan, capitalizing on the visa free policy in Kenya to attract global tourists.

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In a visit hailed by the government as a strategic engagement with Chinese investors, under the Belt and Road Initiative, Kenyans can only hope that the deals will position Kenya as a gateway to East Africa’s markets. This comes as the current administration strives to deliver on their promises on industrialization, food security, and job creation as we inch towards 2027.

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Brian Otieno

Brian Otieno

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