Kenya Turns To China For 1.5 Billion After Nigerian Businessman Tony Elumelu's 1 Billion Pledge

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kenya turns to china for 15 billion after nigerian businessman tony elumelus 1 billion pledge

Kenya is pressing ahead with a new round of infrastructure spending, less than a month after Nigerian businessman Tony Elumelu pledged 1 billion to support the countrys development plans. With demand for better roads rising and public finances stretched, the government has now turned to Chinese partners to build a 1.5 billion highway expansion meant to ease congestion on one of East Africas busiest corridors.

The government confirmed that two Chinese state firms have begun work on the dual-carriage project, marking Chinas return to large construction jobs in Kenya after a slowdown in recent years. Officials say the deal reflects a shift in how major projects are financed, with China and Kenya sharing costs through a mix of debt and equity rather than relying solely on state-to-state loans that previously raised concerns over rising obligations.

Kenya advances 1.54 billion corridor upgrade

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