NAIROBI, Kenya — President William Ruto’s administration has initiated high-level discussions with four major Chinese financial institutions to mobilise funding for key development projects across Kenya.
A Kenyan delegation led by Foreign Affairs Principal Secretary Korir Sing’Oei concluded the engagements in Beijing on Wednesday, January 28, meeting representatives from the China-Africa Development Fund (CAD Fund), China Development Bank, the Export-Import Bank of China (CEXIM), and the Bank of China.
The talks focused on sustainable development financing, accelerating infrastructure projects, and exploring innovative funding models aligned with Kenya’s priority initiatives.
Emphasis was placed on mechanisms that promote economic growth, job creation, and long-term benefits for both Kenya and China.
During the visit, PS Sing’Oei also held a bilateral session with senior officials from the China International Development Cooperation Agency (CIDCA), reviewing ongoing projects under the Forum on China-Africa Cooperation (FOCAC) framework.
Both sides expressed satisfaction with the progress of flagship programmes, including the Technical and Vocational Education and Training (TVET) initiative.
The delegation also discussed the Intelligent Transport Systems (ITS) project in Nairobi, which aims to improve urban mobility through smart traffic management and junction upgrades.
These projects were formalised during President Ruto’s 2025 visit to China and have continued to advance steadily, supported by Chinese partners.
“This Beijing visit reinforces the robust, win-win nature of Kenya-China relations, guided by principles of equality, mutual respect, and common development,” PS Sing’Oei said.
