Sharp Daily
No Result
View All Result
Saturday, February 7, 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 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.

RELATEDPOSTS

Budget cuts weaken Kenya’s fight against money laundering

January 19, 2026
Supporters of Uganda’s incumbent president and National Resistance Movement (NRM) presidential candidate Yoweri Museveni celebrate during a party gathering for the announcement of final results for the 2026 Ugandan presidential election at Lugogo Grounds in Kampala on January 17, 2026. Uganda's President Yoweri Museveni, 81, won a seventh term in office on on January 17, 2026 with 71.65 percent of the vote, the country's Electoral Commission said. (Photo by Luis TATO / AFP)

Museveni wins seventh Term: what It means for Uganda’s future

January 19, 2026

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.

Previous Post

Integrating corporate social responsibility in investments in Kenya

Next Post

Investing in Kenya’s equity market: 2025 opportunities and trends

Brian Otieno

Brian Otieno

Related Posts

Economy

Kenya Bankers Association says existing loan ccustomers will not pay new fees under risk based pricing model

February 6, 2026
Analysis

What’s new on tax exemption for kenyans earning sh30,000

February 5, 2026
Analysis

Matatu strike paralyzes public transport

February 2, 2026
Economy

How biometric audits could end the ghost worker problem

January 28, 2026
Analysis

NSE bond trades hit record Sh2.7 trillion on investor surge

January 23, 2026
Analysis

Nedbank targets NCBA in landmark $856 million acquisition

January 22, 2026

LATEST STORIES

Opting Out of NSSF Tier II Contributions

February 6, 2026

Asset Diversification for Retirement Benefits Schemes

February 6, 2026

Kenya’s Rising Defender Sichenje Joins Charlton Athletic, Set to Spark National Pride Through European Ascent

February 6, 2026

Safaricom Sets Record Interim Dividend as Data and M-PESA Drive Profit Surge

February 6, 2026

NSSF unveils Sh30 billion city centre development targeting live-work urban model

February 6, 2026

Ishowspeed Concludes His 28-Day Africa Tour: What It Means For Africa

February 6, 2026

Happy staff, thriving business: Why companies are betting on employee wellbeing

February 6, 2026

From arrivals to accommodations: Tourism’s impact on Kenyan hospitality

February 6, 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