• About Us
  • Archives
  • SWG Registration
Samrack Media
Mahiga Homes
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
Samrack Media
No Result
View All Result

Chinese, Qataris commit to building 300,000 houses

samrack by samrack
July 8, 2019
in Business, Diaspora, Kenya, Kenya Diaspora News, News, U.S Diaspora
A A
0
Chinese, Qataris commit to building 300,000 houses
Share this
FacebookTwitterPinterestEmailWhatsAppLinkedIn
Transport CS James Macharia and Qatari Prime Minister Abdullah bin Nasser bin Khalifa Al Thani. The two held talks on July 3. PHOTO | POOL

Chinese, Qataris commit to building 300,000 houses

Kenya has secured commitments from foreign investors to build more than 300,000 affordable housing units as part of the government’s Big Four Agenda.

Multinationals in the two countries have pledged to invest in the affordable housing scheme spearheaded President Uhuru Kenyatta.

Transport and Infrastructure Cabinet Secretary James Macharia said two Qatari firms have committed to construct 200,000 houses while a Chinese multinational will build at least 100,000.

The development follows a visit by the minister to the two countries.

“Discussions with the Qatari investors are progressing. This will go a long way towards achieving the Big Four Agenda target of building 500,000 affordable homes across the country,” the minister said.

He held talks with Qatari Prime Minister Abdullah bin Nasser bin Khalifa Al Thani and the country’s Transport and Communications minister Jassim bin Saif Al Sulaiti on issues concerning the strengthening of cooperation between the two countries.

Mr Macharia also attended the coordinators meeting of the Beijing Forum for China-Africa Cooperation (FOCAC) in Beijing.

The discussions mainly focused on industrial promotion, facilitating trade, infrastructure connectivity, training, peace and security.

During the meeting, Mr Macharia urged the Chinese investors to dedicate more resources to manufacturing in Africa.

He also told them to continue helping Africa develop the skills of its people by admitting more students to Chinese universities and offering internship.

In 2018, Kenya’s exports to China were valued at Sh11.1 billion whereas imports from the Asian country totalled Sh370.83 billion.

The minister said Kenya and the rest of Africa are uniquely positioned between the world’s two largest trading blocks — the USA and China.

He added that the Mombasa port, the recently developed roads and the standard gauge railway augment Kenya’s position as the gateway to East Africa and the Great Lakes region.

“Kenya has realised transformative infrastructure projects by working with neighbours to implement seamless transport networks. We plan to continue working with China and other partners on world-class projects,” he said.

The minister added that during the FOCAC summit in Beijing, the two countries agreed to strengthen their partnership through the private sector “with the Chinese government ready to welcome African countries to invest in China”.

“The Chinese are ready to increase technology transfer and training, encourage innovation cooperation, regional value chains development, support Africa cultivate technical, industrial and management professionals and promote people-centred partnerships,” he said.

Mr Macharia added that the first China-Africa Economic and Trade expo from June 27 to 29 in Changsha city attracted more than 50 African countries.

During the expo, China focused on key areas of trade and investment promotion, agriculture, energy, industrial park development, infrastructure, financing cooperation and others, he said.

The expo was themed “Win-Win Cooperation for Closer China-Africa Economic Partnership”.

The summit, the minister said, aimed at expanding, elevating and deepening mutually-beneficial China-Africa economic and trade ties.

Kenya had a pavilion showcasing the Big Four Agenda, investment opportunities, tourism and agriculture.

Activities focused on agro-processing, value addition, horticulture and floriculture exports, coffee, tea, green energy, tourism, culture, mining, infrastructure development and the general economy.

Source: Daily Nation

 

Previous Post

Ethiopia opens its Telecommunications market to foreign operators

Next Post

President Kagame’s daughter ties the knot in private ceremony – PHOTOS

Related Posts

Diaspora:How KEMEN  President, Anthony Kamnao “Cheated Death” after a gruesome accident
Diaspora

Diaspora:How KEMEN President, Anthony Kamnao “Cheated Death” after a gruesome accident

February 3, 2023
Death Announcement Of Eric Gakure of Worcester MA
Diaspora

Death Announcement Of Eric Gakure of Worcester MA

January 31, 2023
Ruto didn’t win August 2022 election, should resign – Raila
Kenya

Ruto didn’t win August 2022 election, should resign – Raila

January 28, 2023
Peter Francis Muhia Ndungu Of Brockton Massachusetts
Diaspora

Death Announcement of Peter Francis Muhia Ndungu Of Brockton Massachusetts

January 28, 2023
Diaspora

Canadian Embassy Wades into Kenyan-Canadian Nurse Lucy Njeri’s Alleged Murder Plot

January 26, 2023
US Man Involved in a $250 Million Fraud Scheme to Forfeit Properties He Acquired in Kenya
Business

US Man Involved in a $250 Million Fraud Scheme to Forfeit Properties He Acquired in Kenya

January 26, 2023
Next Post
President Kagame’s daughter ties the knot in private ceremony – PHOTOS

President Kagame’s daughter ties the knot in private ceremony – PHOTOS

Please login to join discussion
ADVERTISEMENT
ADVERTISEMENT
Royal Gardens Ngong Royal Gardens Ngong Royal Gardens Ngong
ADVERTISEMENT
KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680
ADVERTISEMENT

Latest News

Diaspora:How KEMEN President, Anthony Kamnao “Cheated Death” after a gruesome accident

Death Announcement Of Eric Gakure of Worcester MA

Ruto didn’t win August 2022 election, should resign – Raila

Death Announcement of Peter Francis Muhia Ndungu Of Brockton Massachusetts

Canadian Embassy Wades into Kenyan-Canadian Nurse Lucy Njeri’s Alleged Murder Plot

US Man Involved in a $250 Million Fraud Scheme to Forfeit Properties He Acquired in Kenya

Mizizi Africa Homes diversifies into land selling with ‘Buy, We Build’ Concept

Equity Bank’s Wings to Fly Scholarship selection process commences

Transition/Death Announcement of Christine Ntagengwa of Attleboro,Massachusetts

Women of Hope: Valentines Dinner: $70 P/Person 11 Feb 2023 Guest Speaker:Rev.Dr.G.G Gitahi Time 7PM EST

We are grateful for your monthly or one-off donations To Samrack Media: Cash App No: 781-888-8770 $SAMRACK001

Money

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

by samrack
November 19, 2021
0

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency This week sees the launch of a new initiative to equip...

A simple guide to Government Bonds investing in Kenya

A simple guide to Government Bonds investing in Kenya

by samrack
September 17, 2021
0

A simple guide to Government Bonds investing in Kenya A treasury bond (T-bond) is a medium term to long term...

Politics

Ruto didn’t win August 2022 election, should resign – Raila

Ruto didn’t win August 2022 election, should resign – Raila

by samrack
January 28, 2023
0

Ruto didn't win August 2022 election, should resign - Raila According to Raila, Ruto did not win the August 9...

NEW SCARY DEVELOPMENTS IN KENYA

NEW SCARY DEVELOPMENTS IN KENYA

by samrack
January 21, 2023
0

NEW SCARY DEVELOPMENTS IN KENYA Will Martha Karua's case at the East African Court of Appeal, the new Ruto's revelation...

  • About Us
  • Archives
  • SWG Registration

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 1.026 seconds. Stats plugin by www.blog.ca