In a move to enhance its economic prospects, Kenya is positioning itself to tap into a substantial $50 billion fund that China plans to allocate to African nations over the next three years. This announcement came from Chinese President Xi Jinping during the ongoing Forum on China-Africa Cooperation (FOCAC).

President Xi stated, “China is ready to deepen cooperation with African countries in industry, agriculture, infrastructure, trade, and investments.” This commitment comes at a crucial time as Western nations also vie for influence in Africa.

Kenya has already secured a Ksh40 billion loan from China, aimed at reviving stalled projects. President William Ruto, who attended the summit, successfully negotiated access for Kenyan farmers to export avocados and tea to the vast Chinese market. “This deal opens new avenues for our agricultural sector,” Ruto remarked.

Additionally, President Xi hinted at a renewed focus on the Belt and Road Initiative, which aims to create a transport corridor to facilitate trade. “We should build an East African connectivity hub and industrial belt,” he added.

Back home, President Ruto faces budget constraints that have hindered his administration’s ability to fulfill pre-election promises. His recent outreach to China reflects a strategic shift in diplomatic relations, as he seeks to balance ties with both Western nations and China. This dual approach aims to diversify Kenya’s economic partnerships and secure better terms for development initiatives.