Browsing: Lapsset

• Kenya Ports Authority handled 37,576 metric tons  of cargo in 2023, according to its Managing Director.
• The KPA MD revealed the gantry cranes were procured to the tune of $31,493,808
• One of the notable recent investments by KPA is the construction of the second phase of the Lamu Port.

The Lamu port is poised to become a key driver of economic growth and regional integration, according to industry players.

Kenya Ports Authority (KPA) Managing Director Captain William Ruto said the impressive statistics underscore the vital role that the Lamu port plays in facilitating trade and driving growth in the region.

He added that this results from its container capacity of 1.2 million twenty-foot equivalent units (TEUs) across its three berths of 4000 meters each.

 “The Lamu facility is poised to become a key driver of economic growth and regional integration,” he pointed out.

Captain Ruto disclosed last year that …

• Kenya’s Cabinet Secretary for Investment, Trade, and Industry Moses Kuria is leading a high-powered government delegation to London for the Economic Partnership Agreement and Investment meeting.
• Kenya is leveraging on the talks to intensify pitches to investors.
• This is in an effort to net at least $10 billion in Foreign Direct Investments (FDIs) this year.

Kenya’s Cabinet Secretary for Investment, Trade, and Industry Moses Kuria is this week leading a high-powered government delegation to London for the Economic Partnership Agreement and Investment meeting, that Kenya seeks to intensify pitches to investors.

The government is aiming to net at least $10 billion in Foreign Direct Investments (FDIs) this year in a plan mooted by the Kenya Investment Authority.

The forum is being held through a Ministerial Council meeting on the Economic Partnership Agreement, which was scheduled to kick-off on Tuesday, March 21, 2023 in London.

“The forum will provide a platform …

At the time of this plan, Mombasa was becoming increasingly strained as business volumes and demand rose. The project was however halted for close to 30 years due to various factors including among them exorbitant projected costs. 

In 2012, Kenya’s then-President Mwai Kibaki hosted Ethiopia’s then Prime Minister and a South Sudanese delegation when the port’s foundation stone was laid. The three countries agreed to fund the project from their respective national budgets. Each country would finance their part till the completion of what was now known as the Lamu Port South Sudan-Ethiopia Transport (LAPSSET) corridor.…

The Lamu Port is strategically located at the convergence of major shipping routes, saying its operationalization will open up northern Kenya to international trade, thereby fortifying the country’s position as a top economic gateway to Africa.
With one of the deep-water harbours on the east coast of Africa, Lamu Port has the potential to become a premier transhipment hub for all cargo destined for the continent. Furthermore, Lamu now joins Mombasa Port as a key entry and exit point of cargo, deep into and out of Africa’s hinterland.…