Win for Jobseekers as Multi-Billion Dollar Chinese Company to Set Up in Kenya

Chinese tyre manufacturing company, Linglong Tire has revealed plans to set up a factory in Kenya.

The plans were revealed after the company's chairperson, Wang Feng, met with President William Ruto at State House on Friday, January 17.

According to Ruto, the manufacturing plant will serve the entire continent while creating jobs for thousands of Kenyans.

He noted the interest of the company in the Kenyan market was a testament to good investor confidence in Kenya.

Kenya continues to position itself as a premier destination for foreign investment, offering a range of attractive incentives designed to encourage investor confidence.

The government remains committed to enhancing these incentives to ensure a competitive and investor-friendly… pic.twitter.com/6KNpxZPLGz

— William Samoei Ruto, PhD (@WilliamsRuto) January 17, 2025

"Kenya continues to position itself as a premier destination for foreign investment, offering a range of attractive incentives designed to encourage investor confidence," Ruto announced.

"The government remains committed to enhancing these incentives to ensure a competitive and investor-friendly environment. At State House, Nairobi held talks with Linglong Tyres Chairman Wang Feng, who plans to set up a factory in Kenya to serve the African market."

According to stock Analysis, the whole Chinese company is valued at 35.23 billion dollars. This translates to approximately Ksh4.5 trillion.

Linglong Tire, which was started in the 1970s has been producing tyres for saloon cars, trucks and buses. Some of the products are already sold in Kenya.

While the plans to set up the company were announced on Friday, details on the location of the factory and the starting date were not revealed.