Xinhuanet

China's development fund, Kenyan gov't sign deal on housing project

Source: Xinhua 2016-09-23 01:06:30

KENYA-NAIROBI-CHINA-AFRICA DEVELOPMENT FUND-HOUSING PROJECT

Guests attend the launch ceremony of a new China-Africa Development Fund (CADFund) office in Nairobi, capital of Kenya on Sept. 22, 2016. The China-Africa Development Fund (CADFund) on Thursday signed a memorandum of understanding (MoU) with the Kenyan government to develop 20,000 housing units for civil servants. (Xinhua/Li Baishun)

NAIROBI, Sept. 22 (Xinhua) -- The China-Africa Development Fund (CADFund) on Thursday signed a memorandum of understanding (MoU) with the Kenyan government to develop 20,000 housing units for civil servants.

Speaking at the launch of a new CADFund office in Nairobi, Kenyan Cabinet Secretary for Transport, Infrastructure and Housing James Macharia said Chinese investments have stimulated economic growth in the east African nation.

"Kenya has witnessed huge Chinese investments in the last decade. The signing of an MoU with China-Africa Development Fund to develop 20,000 housing units for our civil servants is a testimony to our strong partnership," Macharia said.

Chinese Ambassador to Kenya Liu Xianfa and senior executives from CADFund witnessed the signing of the MoU.

Operated by the China Development Bank (CBD), CADFund's main tasks include supporting Chinese business and investing in Africa. It has a capital reserve totaling 10 billion U.S. dollars.

So far, CADFund has enlarged its investment portfolio across Africa in areas like agriculture, manufacturing, infrastructure development and industrial parks.

Macharia said Kenya is keen to partner with Chinese financial institutions to modernize transportation infrastructure and develop new residential premises.

"China's Exim Bank and CADFund have a proven track record in infrastructure development. The setting up of CADFund offices here in Nairobi is very crucial," Macharia remarked, adding that Kenya will strengthen engagement with the private sector to develop new roads and social amenities.

Chi Jianxin, Chairman of CADFund, said that priority will be given to development of railways, roads, ports and industrial parks in Africa. He revealed that CADFund has invested in 87 projects across 36 African countries.

 
China's development fund, Kenyan gov't sign deal on housing project
                 Source: Xinhua | 2016-09-23 01:06:30 | Editor: huaxia

KENYA-NAIROBI-CHINA-AFRICA DEVELOPMENT FUND-HOUSING PROJECT

Guests attend the launch ceremony of a new China-Africa Development Fund (CADFund) office in Nairobi, capital of Kenya on Sept. 22, 2016. The China-Africa Development Fund (CADFund) on Thursday signed a memorandum of understanding (MoU) with the Kenyan government to develop 20,000 housing units for civil servants. (Xinhua/Li Baishun)

NAIROBI, Sept. 22 (Xinhua) -- The China-Africa Development Fund (CADFund) on Thursday signed a memorandum of understanding (MoU) with the Kenyan government to develop 20,000 housing units for civil servants.

Speaking at the launch of a new CADFund office in Nairobi, Kenyan Cabinet Secretary for Transport, Infrastructure and Housing James Macharia said Chinese investments have stimulated economic growth in the east African nation.

"Kenya has witnessed huge Chinese investments in the last decade. The signing of an MoU with China-Africa Development Fund to develop 20,000 housing units for our civil servants is a testimony to our strong partnership," Macharia said.

Chinese Ambassador to Kenya Liu Xianfa and senior executives from CADFund witnessed the signing of the MoU.

Operated by the China Development Bank (CBD), CADFund's main tasks include supporting Chinese business and investing in Africa. It has a capital reserve totaling 10 billion U.S. dollars.

So far, CADFund has enlarged its investment portfolio across Africa in areas like agriculture, manufacturing, infrastructure development and industrial parks.

Macharia said Kenya is keen to partner with Chinese financial institutions to modernize transportation infrastructure and develop new residential premises.

"China's Exim Bank and CADFund have a proven track record in infrastructure development. The setting up of CADFund offices here in Nairobi is very crucial," Macharia remarked, adding that Kenya will strengthen engagement with the private sector to develop new roads and social amenities.

Chi Jianxin, Chairman of CADFund, said that priority will be given to development of railways, roads, ports and industrial parks in Africa. He revealed that CADFund has invested in 87 projects across 36 African countries.

分享
Kenya borrows 348 mln USD from domestic market on banks high appetite
Kenya calls for talks to resolve health workers strike
Kenya's top judiciary organ nominates new chief justice
Kenya pursues 50 Al-Shabaab militants after police camp attack
National gene bank officially opens
National gene bank officially opens
China always a trustworthy and reliable friend: Cypriot Acting President
China always a trustworthy and reliable friend: Cypriot Acting President
Chinese, Israeli leaders pledge to further strengthen bilateral cooperation
Chinese, Israeli leaders pledge to further strengthen bilateral cooperation
1st phase of Hongyanhe Nuclear Power Station project completed
1st phase of Hongyanhe Nuclear Power Station project completed
Latest relief aid from UN, SARC enter besieged town in Syria
Latest relief aid from UN, SARC enter besieged town in Syria
UNSC calls on better protection for civil aviation
UNSC calls on better protection for civil aviation
Influential Republican senator slams Obama's Middle East policy as "unmitigated disaster"
Influential Republican senator slams Obama's Middle East policy as "unmitigated disaster"
Egypt arrests four suspects over migrant boat sinking
Egypt arrests four suspects over migrant boat sinking
Back to Top Close
010020070750000000000000011100001357065201