EAC leaders laud Chinese mega development support

President Uhuru Kenyatta of Kenya is happy with the explosive growth rate of the Africa-China trade value

President Uhuru Kenyatta of Kenya is happy with the explosive growth rate of the Africa-China trade value

President Yoweri Museveni of Uganda and Uhuru Kenyatta of Kenya have extolled Chinese cooperation with Africa and their respective countries.

Addressing the recent Forum on China-Africa Cooperation (FOCAC) summit in Johannesburg, South Africa, Kenyatta and Museveni along with other African leaders commended China-Africa cooperation particularly in modernizing agriculture and  funding infrastructure development.

“We recognize that China has been one of our key trading and investment partners. Various Chinese companies are working on over 80 projects with a value of approximately $3.5 billion, all of which are aimed at propelling us to high growth figures as reflected in our national development blue print, the Kenya 2030,” President Kenya told the Summit Saturday.

The Kenyan leader also said China-Africa trade value has been growing at an “explosive” rate jumping from $10billion in 2000  to over $220 billion last year.

On his part, President Museveni saluted China’s support in “building two hydro-power dams, in constructing the Kampala-Entebbe Express-way and in modernizing the Entebbe Airport.”

The Ugandan leader revealed the two hydro-power dams will “yield 600 MW at Karuma and 183 MW at Isimba.”

Speaking the summit working breakfast with the Chinese President Xi Jinping and African leaders, Museveni called on China to bankroll the building of the “Standard Gauge Railway that will link Uganda with Kenya at Malaba, Rwanda at Mirama Hills, South Sudan at Nimule and the Democratic Republic of Congo at Aruu.”

President Jinping announced Friday China is ready to inject $60 billion in development projects across the African continent over the next three years.

“China decides to provide a total of $60-billion of funding support that includes $5-billion of grants in zero interest loans (and) $35-billion in preferential facility and export credit loans and concessional loans,” he told African leaders drawing loud cheers and applause.

The 2-day high profile gathering brought together African heads of State and their Chinese counterpart, and business African and Chinese business leaders.