Kenya: Toyota Tsusho and Mitsui win a crane construction deal worth $66.7 million
(Ecofin Agency) - The Japanese companies Toyota Tsusho and Mitsui secured a KSh6.8 billion ($66.7 million) contract to set up hoisting cranes in Mombasa port, one of the largest in the African pacific coast (East of Kenya).
“In November 2017, the groups (Toyota Tsusho and Mitsui Engineering & Shipbuilding Co., Ltd) were jointly awarded a contract to supply 16 cargo cranes for Kenya’s Port of Mombasa development project, the largest commercial port in East Africa,” Toyota Tsusho said to its investors in an update.
This new contract raises to KSh9.8 billion ($96 million) the contracts secured so far, by both companies for the port’s modernization. An initiative funded by Japan International Cooperation Agency (JICA).
The project shows another side of Toyota’s activities in Africa. Indeed, the company is better known as vehicles’ trader through its 100%-owned CFAO brand. Apart from these activities, the company also sells fertilizers and technology equipment.