China granting 98% duty-free access to Kenyan exports expected to drive growth. Standard Chartered has launched a China–Kenya Trade Corridor, an initiative designed to help small and medium-sized enterprises expand internationally and trade more easily across borders.
This is targeted at SMEs in both China and Africa, with a keen focus on Kenya. The initiative reflects the bank’s long-standing commitment to enabling international growth for SMEs. This move signals a renewed focus on strengthening China-Africa trade ties and giving businesses the practical financial tools they need to operate with confidence in new and often complex markets.
“Trade between China and Africa continues to deepen, driven by strong business links and evolving supply chains. This launch reflects our commitment to helping SMEs expand internationally,” said Richard Li, head, wealth and retail banking and deputy CEO China, Group head, global Chinese.
“We are seeing growing demand for efficient multi-currency solutions, particularly as Renminbi adoption increases. Both our global network and local expertise help clients simplify trade, improve working capital and unlock new opportunities” he said. Trade between Kenya and China continues to grow rapidly.
China is Kenya’s largest trading partner, accounting for 22.7 per cent of imports in the first half of 2025. Bilateral trade reached $2.2 billion (Sh 284.3 billion) in the first quarter alone. Recent policy changes, including China granting 98 per cent duty-free access to Kenyan exports, are expected to drive further growth.
Chinese investment in Kenya is also rising, especially in infrastructure, manufacturing and industrial parks. Major developments, such as the $1.5 billion (Sh193.8) China-funded highway completed in late 2025, highlight the strength of this partnership. Kenya’s strategic position, anchored by the Port of Mombasa, continues to make it a key gateway to Africa.
The China-Africa Trade Corridor aims to make cross-border trade simpler and more efficient. It offers SMEs tailored financing, streamlined cash and capital management, and seamless banking across multiple markets.