Nairobi's new commercial hub set to boost Kenya's economy

A new landmark in China's cooperation with African countries was reached with the launch of the China–Kenya International Commerce Center project in Nairobi on Wednesday.

The 5-billion-shilling ($38.7 million) project, launched by Kenya's President William Ruto, is expected to create 3,000 jobs and strengthen the capital's position as a regional hub for trade and investment.

During the launch ceremony, Ruto described the project as both a symbol of deepening China–Kenya cooperation and a strong vote of confidence in his country's economy.

Covering more than 68,000 square metres, the center will include a modern exhibition and trade facility, a five-star hotel, and other commercial spaces designed to attract both local and international businesses.

"This moment marks the beginning of the commercial transformation of our Agricultural Society of Kenya facilities, turning underutilized government assets into engines of growth," Ruto said.

"This project demonstrates that Kenya is open, ready and able to host transformative investments."

According to government projections, the commerce hub is expected to directly catalyze greater business activity, both locally and internationally.

Ruto said the project reflects growing investor confidence in Kenya's economy and demonstrates the country's ability to provide a stable, predictable environment for enterprises.

"This project is a strong indication that Kenya offers fair returns for investors and supports ventures that uplift livelihoods," he added.

The president said the planned business hub represents the start of a broader effort to repurpose Agricultural Society of Kenya facilities across the country. He added that the goal is to convert underutilized government assets into productive economic hubs that generate employment and growth.

The project is part of the government's wider strategy to attract foreign investment through infrastructure development and create long-term opportunities in trade, tourism and services. Construction is expected to begin shortly, with implementation phases planned in coordination with relevant stakeholders.

sharon@chinadailyafrica.com