See the ambitious Sh1.4 trillion ($10 billion) project the president of Kenya is involved in - News Summed Up

See the ambitious Sh1.4 trillion ($10 billion) project the president of Kenya is involved in


This appears to be a change of heart from the previous administration's proposal to hand ports to private investors. The landlocked nations of Uganda, Burundi, and Rwanda have recently put significant rivalry on Kenya's economic route since they prefer to use the Tanzanian route. ADVERTISEMENTBoth nations have attempted to upgrade their ports or construct new ones (Lamu Port in Kenya and Bagamoyo in Tanzania) as they compete to win over landlocked nations by guaranteeing speedier shipping. The northern corridor, a multimodal trade route that connects the Great Lakes region's landlocked nations with Mombasa, a seaport in Kenya, has been vying with Tanzania's central corridor for cargo. The Lapsset Corridor Development Authority and the Kenya Ports Authority (KPA) have been chosen to carry out the proposed lease.


Source: Daily Nation June 02, 2023 14:34 UTC



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