Richard Li, Standard Chartered’s Head, Wealth & Retail Banking and Deputy CEO China | Group Head, Global Chinese speaking at the launch of the Standard Chartered China–Kenya Trade Corridor, an initiative designed to help small and medium-sized enterprises (SMEs) in China and Africa expand internationally and trade more easily across borders.
Standard Chartered has launched its China–Kenya Trade Corridor – an initiative designed to help small and medium-sized enterprises (SMEs) in China and Africa expand internationally and trade more easily across borders.
The initiative reflects the Bank’s long-standing commitment to enabling international growth for SMEs. The launch 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 & 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% of imports in the first half of 2025. Bilateral trade reached USD 2.2 billion in the first quarter alone. Recent policy changes, including China granting 98% 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 USD 1.5 billion 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. By tapping into Standard Chartered’s network across Asia, Africa, and the Middle East, businesses can move capital faster, cut costs, and access new opportunities.
“Kenya is a key gateway to East Africa, with strong growth in trade and investment flows with China. This launch strengthens our support for SMEs with practical, accessible financial solutions,” said Edith Chumba, Head of Wealth and Retail Banking for Kenya and East Africa.
The launch comes as global finance grows more complex. Businesses are increasingly managing multiple currencies and markets, making liquidity, treasury and risk management more critical than ever.
China accounts for over 15% of global trade, yet less than 5% is settled in RMB. This presents a clear opportunity for businesses to better align how they trade with how they manage currency.
Demand for RMB is rising, driven by trade and supply chain needs. At the same time, improved payment systems, stronger links between onshore and offshore markets, and deeper liquidity are making it easier to transact and invest in RMB at scale.
For SMEs trading with China, using RMB can reduce foreign exchange costs, improve cash
flow and better match payments with business activity. It also adds resilience by diversifying
currency exposure in an uncertain global environment. Standard Chartered is well placed to support this shift, combining its global reach with deep local expertise to turn complex financial challenges into practical solutions.
