Ruto Encourages Chinese Investors To Invest In Kenya

By Samuel Ouma

Kenyan President William Ruto has urged Chinese investors to take advantage of opportunities in energy, water, and housing in Kenya.

He stated that Kenya will assist companies that add value to the country's plentiful raw commodities.

“Kenya presents real opportunities for investment especially in transformative areas of our economy such as energy, water and housing,” said President Ruto.

He made the remarks during a Monday tour of China's Engineering Corporation Limited in Beijing. The Kenyan leader is in China on a state visit.

Simultaneously, Kenya's president observed the signing of a Memorandum of Understanding (MoU) between the Ministry of Energy and Petroleum and Energy China.

The MoU will improve Kenya's electrical power system's flexibility and dependability.

It will also include electricity generation, transmission and distribution lines, substation planning, design, transformation, and modernization.

Other parts of the MOU include utilizing renewable energy and enhanced energy storage to enable increased domestic energy sufficiency.

The Kenyan leader also witnessed the signing of another MoU with the Huawei corporation.

The two parties will work together to enhance Kenya's ICT infrastructure and promote the digitalization of the transportation, e-government, education, and digital energy sectors, furthering Kenya's Digital Superhighway and Bottom-up Economic Transformation Agenda.

It will also aid in the development of digital skills and capacity building.