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Kenya partners with Energy China for landmark river restoration, housing project

China

China

China

Kenya partners with Energy China for landmark river restoration, housing project

2025-03-15 21:16 Last Updated At:21:37

The Nairobi River Basin Rehabilitation and Affordable Housing Project, spearheaded by Energy China, was launched on Monday in Kenya's capital, Nairobi.

Kenyan President William Ruto led Monday's groundbreaking ceremony, joined by senior government officials, Energy China executives, and environmental advocates, who expressed hopes for strengthened Kenya-China cooperation and the ecological restoration of the Nairobi River, which meanders through the heart of Nairobi.

The project is the country's first major ecological and wellbeing project, which will create new jobs for young people, improve public health, and enhance the capital's environmental sustainability, said Ruto during the ceremony.

The Nairobi River originates from the northwestern outskirts of the Kenyan capital, flowing through southeastern residential areas, but has long suffered from severe pollution and flooding during the rainy season.

In February, the Kenyan government signed a contract with China Energy Engineering Group Guangxi Electric Power Design Institute to implement the project's first phase, which aims to address sewage treatment, river dredging, urban landscape construction, as well as an affordable housing project to resettle residents in flood-vulnerable areas.

"According to the plan, the river course project will be finished by April 2027, which will shield local residents from floods, and present them with an ecology park, and well-designed views and community centers," said Yang Ming, deputy chief engineer of the Guangxi Electric Power Design Institute.

Kenya partners with Energy China for landmark river restoration, housing project

Kenya partners with Energy China for landmark river restoration, housing project

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 18 pips to 6.9025 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan weakens to 6.9025 against USD Friday

Chinese yuan weakens to 6.9025 against USD Friday

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