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Kenya-chinese trade

21 Aug

The relationship between China and Kenya has deepened in the recent years as the mutual social, economic and political trust has increasingly enhanced.

Chinas presence has been specifically felt in the terms of investment made by the Chinese into this vibrant African economy. As china increases its footprint in the African country it has signed 10 bilateral agreements with Kenya.

Due to the many projects china has invested in, Kenya has become the largest beneficiary of Chinese aid and concessional loans.

Kenyan-Chinese trade stood at around $1.3 billion in 2009 with Kenyan exports to China almost negligible.

With few natural resources to attract China’s voracious energy industry, Kenya is nevertheless considered an important access market and a regional cornerstone. The east African country has acquired new strategic significance for China through its proximity to the future state of Southern Sudan.


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