Hundreds of businessmen flew from China to Kenya shortly before the Chinese Premier Li Keqiang’s arrival from Angola.
The visit was a reciprocation of President Uhuru Kenyatta’s grand visit to China in August 2013 where business deals worth billions of shillings were sealed.
On Saturday 10th of May 2014, China and Kenya further cemented their bilateral ties by signing new concessions worth billions of shillings.
In total, there were 17 bilateral trade agreements signed and sealed on that particular day.
Kenya has become China’s major market in east and central Africa making both nations to find each other valuable.
China has become Kenya’s main source of capital while trade ties have made China the second largest trading partner with Kenya.
Kenya exports tea, cutflowers and frankincense to China while bilateral trade reached 3.27 billion U.S. dollars in 2013.
Its direct investment in Kenya increased by 52.5 percent to 120 million dollars in 2013.
Kenya has contracted Chinese firms for projects making Kenya China’s major market in eastern and central Africa.
Chinese companies completed contracted projects worth 7.13 billion dollars in 2013