Kenya’s Mombasa port has mobilized an amount of KSh20 billion to upgrade four berths, allowing it to now handle both container cargoes and goods not packed in containers, Daniel Manduku, MD of the Kenya Ports Authority -KPA-, announced.
The investment, backed by the European Investment Bank (EIB) and the French Development Agency (AFD), is motivated by the growing demand for freight in the Eastern Africa region where most economies are growing by at least 5% a year, the official explained.
Once the modernization project is completed, the annual freight traffic at the port is expected to reach 47 million tons in 2025, from 32 million tons in 2018. This year, freight traffic is expected at 34 million tons. KPA will spend an additional KSh39 billion to build a new oil terminal to replace its existing facilities dating back to 1968.
Built in 1895, the port of Mombasa is the main gateway for trade in East Africa, also serving other countries such as Uganda, Somalia, Rwanda, and South Sudan. Currently the port is the fifth most active in Africa behind the port of Tangier Med (Morocco), Port Said in Egypt, the port of Durban in South Africa and the port of Lagos (Nigeria).
Romuald Ngueyap
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...
Silver hit a record $74.8 an ounce in late December 2025 Analysts see prices ranging from&nb...
US strikes in Sokoto test Nigeria's financial stability, causing Eurobond yields to surge and inve...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
Nigerian naira posts first annual gain since 2012, up 7.4% Recovery driven by FX reforms, tighter policy, narrowed rate gap Analysts warn durability...
Burkina Faso to accelerate online justice services rollout from 2026 New platforms enable remote filings, documents, prison visit requests Reform aims...
OADC secures approval to acquire seven NTT Data centres in South Africa Deal expands footprint in Africa’s largest data centre...
Togo adopts 2025-2034 decentralization roadmap to strengthen local governance Policy targets capacity building, resource transfer, citizen...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...