Abstract
China has become Africa’s largest trading partner. The level of economic and trade cooperation between China and Kenya have been continuously improved within the framework of the China-Africa Community of Shared Future and the “Belt and Road” cooperation. Nowadays, the cooperation between China and Kenya is standing at a new starting point and facing new development opportunities. Chinese enterprises in Kenya have developed rapidly in terms of number and scale in recent years. And the businesses involve a wide range of fields, ranging from agricultural and sideline products and food industry to precision parts processing and manufacturing, which have created a considerable number of jobs for the local area and increased the overall labor income. However, there are still many outstanding problems in specific cooperation practices, such as the lack of attention on corporate management and corporate culture. Based on literature analysis, this article uses Chinese enterprises in Kenya as an example to illustrate the development status of Chinese companies in Africa, study the problems that exist in the development of Chinese companies in Kenya and propose solutions to the corresponding problems. The further development of Chinese enterprises in Africa will promote the better realization of the China-Africa community with a shared future and the development of the “Belt and Road” to achieve a win-win situation.
Highlights
According to the Statistical Bulletin of China’s Foreign Direct Investment in 2018, China’s investment in Africa in 2018 was 5.39 billion U.S dollars, a year-on-year increase of 31.5%
China has become Kenya’s largest trading partner, largest source of investment, and largest project contractor, in that case, China has become an important force in helping Kenya’s economic development. Problems such as corporate management and corporate culture issues have gradually been exposed in the development process of Chinese companies in Kenya
These problems have slowed down the development of the company to a certain extent. Studying and overcoming these problems can further promote the overall development of Chinese companies in Kenya. It can provide a good example for the development of Chinese enterprises in other countries of the African continent, and promote the cooperation between China and African countries
Summary
According to the Statistical Bulletin of China’s Foreign Direct Investment in 2018, China’s investment in Africa in 2018 was 5.39 billion U.S dollars, a year-on-year increase of 31.5%. China has become Kenya’s largest trading partner, largest source of investment, and largest project contractor, in that case, China has become an important force in helping Kenya’s economic development. Problems such as corporate management and corporate culture issues have gradually been exposed in the development process of Chinese companies in Kenya. Studying and overcoming these problems can further promote the overall development of Chinese companies in Kenya It can provide a good example for the development of Chinese enterprises in other countries of the African continent, and promote the cooperation between China and African countries. The development results of the China-Africa Community with a Shared Future and the Belt and Road Initiative will benefit the people of both sides
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
