Beijing, China-Over 150 Chinese investors gathered for the Kenya-China Investor Roundtable, held alongside President William Ruto’s State Visit to China, in a significant move to bolster investment ties between the two nations.
Speaking at the event, Kenya Investment Authority (KenInvest) CEO John Mwendwa presented compelling reasons why Kenya remains the premier destination for Chinese investors. He unveiled investment opportunities worth at least $50 billion across various sectors and value chains, emphasizing Kenya’s stable and predictable business environment, strategic geographical position, and strong economic potential.
“Kenya stands as the gateway to Africa. We offer the best infrastructure, coupled with enabling legislation that ensures the free flow of capital and profits out of the country,” Mwendwa said.
The forum saw the signing of investment deals worth $823 million, spanning sectors such as Manufacturing, Agriculture, Tourism, and Transport, reinforcing Kenya’s attractiveness to international investors.
In addition to the signed deals, KenInvest also entered into strategic collaboration agreements with the China Africa Development Fund (CADFund) and Duofu International Holdings Group (Duofu Group) for Investment Promotion and Facilitation. Further strengthening bilateral cooperation, KenInvest signed an agreement with the Hangzhou Municipal Bureau of Commerce to establish a China-Kenya Cross-Border E-Commerce (Digital Trade) Talent Training Laboratory, a key step towards nurturing digital trade capabilities and expanding economic ties between the two countries.