President Ruto started his China visit on Wednesday, where seven Chinese companies signed investment deals worth Sh107 billion. These firms work across manufacturing, agriculture, tourism, and technology sectors that will create jobs for young people. China Wuyi leads with Sh19.5 billion for a special economic zone on 191 acres in Kilifi, planning to employ 5,000 workers. Penfeng Investment Limited with Shangcheng Apparel Group, will spend Sh2.6 billion on textile warehouses in Kajiado. Rongtai Steel Limited plans Sh19.5 billion for a steel factory in Lukenya, creating 700 jobs.
Agricultural investments come from Shandong Jialejia Agriculture, putting Sh3.9 billion into an egg farm in Kajiado. Zonken Group will invest Sh41.6 billion for aloe vera processing in Baringo and Sh10.4 billion for grape exports. The tourism industry benefits from Huatian Hotel Group spending Sh39 billion to acquire Nairobi hotels. Kenya Smart Transportation Industry Park with Anhui Jiubao plans a Sh6.5 billion traffic light factory in Murang'a, employing 5,000 people. Ruto offered investors tax holidays, profit repatriation, and legal protection, noting that 500 Chinese companies already operate in Kenya.
Agricultural investments come from Shandong Jialejia Agriculture, putting Sh3.9 billion into an egg farm in Kajiado. Zonken Group will invest Sh41.6 billion for aloe vera processing in Baringo and Sh10.4 billion for grape exports. The tourism industry benefits from Huatian Hotel Group spending Sh39 billion to acquire Nairobi hotels. Kenya Smart Transportation Industry Park with Anhui Jiubao plans a Sh6.5 billion traffic light factory in Murang'a, employing 5,000 people. Ruto offered investors tax holidays, profit repatriation, and legal protection, noting that 500 Chinese companies already operate in Kenya.
