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Browsing: Mombasa Port
- 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 …
For years, the East African Community (EAC) struggled with divisions among member states mainly on key trade agreements slowing down the region from achieving a full working common market.
Countries have been playing protectionism targeted mainly at protecting local industries, with fallouts witnessed among states.
Kenya, Uganda and Tanzania have had their fair share of the trade wars with both tariff and non-tariff barriers affecting regional integration.
Poor infrastructure in some parts of the region has also been affecting easy movement of trade volumes while businesses have suffered lack of enough capital to do trade.
However, recent developments have set the region for growth both on intra-EAC trade, continental trade and of course international trade.
Over the course of 2022, there has been progress on the East African Community’s Common External Tariffs (CETs) which had dragged since 2016.This exposed the region to cheaper imports mainly from China and India, making
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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.…
Kenya and Tanzania have always seen each other as competitors when it comes to megaprojects that have a regional reach. The competition has risen from years ago with each duplicating its partner’s efforts and laying out schemes to win other members of the East African region and beyond.
However, if there is any project that has been the hallmark of this competition, then it is the development of sea ports, with Kenya investing heavily in both Lamu and Mombasa ports while Tanzania is boosting its Dar es Salaam port and planning on growing both Bagamoyo and Tanga ports. Each country has an eye on the larger eastern African region as local commerce cannot sustain the projects.
Ports are gateways for 80% of global merchandise trade by volume and 70% by value. This is a point both the East African countries have taken keenly …