The Impact of the Belt and Road Initiative in Boosting Local Business through Asia and Africa Satisfaction: A Study of Kenya-China Business Projects

Abstract

The core idea of the BRI is to create peace and cooperation between nations, acceptance and inclusive assistance, mutual learning platform, and mutual benefit for states actors and citizens. It is also one of its pillars to achieve shared growth through debate and collaboration. This study wanted to answer the questions on the economic reach of the B & R, its capacity to fill in the gap in foreign investment towards developing nations, the fulfillment of its economic mission, and the challenges it faces. Among the chosen population of this study, samples were acquired using simple random sampling, which will answer the survey questionnaire. The survey results showed that the majority of the respondents were from China, with International Relations studies and diplomats based in Beijing. The results showed that the B & R initiative has proven to be a key economic initiative with a domestic impact and an international one. It has ignited a new economic momentum for undeveloped economies eager to have access to funds and know-how in Infrastructure building, highways, airports, seaports, railway linkages, and energy development have an impact on the social and local economic fabrics of the host nations. The data and survey results all point to the initial success of the B & R initiative. As the COVID-19 has halted the world economic flow, the future is still undecided on how China will pursue its globalization through the Belt and Road while strengthening its domestic GDP to overcome the global economic turndown.