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China Pledges Funds for Kenya InfrastructureChina Pledges Funds for Kenya Infrastructure
January 11, 2010---China says it will give a $7m (£4.4m) grant to help fund infrastructure development projects in Kenya. His schedule includes visits to Nigeria, Sierra Leone, Algeria, Morocco and Saudi Arabia. Kenyan President Mwai Kibaki said China has offered to help develop a second port at Lamu which will be connected to Ethiopia, Southern Sudan and Rwanda. Correspondents said this would provide a route to export Chinese oil from Southern Sudan. "For Africa to further take off, it is very important to build up the infrastructure so that African countries can conduct intra-regional trade on a massive scale," Mr Yang told reporters. In November, China's government said it would offer Africa $10bn (£6.3bn) in concessional loans over the next three years. (Source: http://news.bbc.co.uk/2/hi/asia-pacific/8444882.stm) |
