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...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...
The Gates Foundation and ADQ launched a four-year initiative to transform education in sub-Saharan...
Tinubu approves partial write-off of NNPC debts to Nigerian government Decision cancels $1.42 billion and 5.57 trillion naira obligations Move...
Djibouti, Egypt sign port, logistics and energy cooperation agreements Deals include 23-MW solar plant to power Doraleh port operations Aim is to cut...
Algeria launches $207 million tire factory project in Touggourt Plant targets 5 million annual units, boosting industrial self-sufficiency Move...
Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal insertions, urges suspension and investigation Government...
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...