Chongqing China-Kenya Trade Summit: 8 Projects Worth $4 Billion Signed

China-Kenya Economic Cooperation Reaches New Heights with Automotive Deals

Nairobi, Kenya - The recent China (Chongqing)-Kenya Economic and Trade Cooperation Exchange marked a significant milestone in bilateral relations, with major automotive deals taking center stage.

        Key Highlights
        8 signed projects worth approximately 2.8 billion CNY (420 million USD)
Over 200 participants from government, business, and media sectors
Major automotive procurement agreements signed by leading Chinese manufacturers
Commitment to enhanced manufacturing and infrastructure cooperation

    

Automotive Sector Takes Spotlight

The exchange yielded significant agreements in the automotive sector:

Lifan Industry (Group) Import & Export Co. signed motorcycle procurement orders with Majindu Motor Vehicle Co. and Zimo Kenya Ltd.
Chongqing Jinguan Automobile Manufacturing Co. entered into a special vehicle procurement agreement with Jiaohang Ltd. (Somalia-based company)

Expanding Bilateral Cooperation

This year marks the 62nd anniversary of China-Kenya diplomatic relations. The exchange, held at Nairobi's Edge Convention Center, was organized by Chongqing Municipal Commission of Commerce to showcase:

Chongqing's strategic location and logistics advantages
Industrial capabilities in automotive manufacturing
Favorable business environment for foreign investors

Future Collaboration

Kenyan officials expressed strong commitment to strengthening economic ties:

Eric Rutto, President of Kenya National Chamber of Commerce and Industry, emphasized support for Chinese investors
Lee Mayiani Kinyanjui, Cabinet Secretary for Investments, Trade, and Industry, pledged continued improvements to Kenya's business environment