Japan lends $270m to Kenya to help expand port

2015-01-17 12:31

Mombasa-coast (Shutterstock)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Mombasa - Kenya signed a $270m loan deal with Japan on Friday to help expand capacity at Mombasa port, a busy facility that is the main trade gateway to east Africa.

The port handles fuel, consumer goods and other imports for Uganda, Burundi, Rwanda, South Sudan, Democratic Republic of Congo and Somalia, as well as regional tea and coffee exports.

Container traffic through the port reached about one million twenty foot equivalent units (TEUs) in 2014, up 11.9% on a year earlier. The port management said it expected a 30% increase to 1.3 million TEUs in 2015.

Officials said the loan would support the purchase of cargo handling equipment, help finance a brand new container terminal and aid construction of another terminal already being built. Japanese ambassador Tatsushi Terada was at the signing.

Neighbouring states and regional firms have been putting pressure on the Kenyan authorities to improve handling and efficiency in the port as trade to and from the region grows.

Kenya has long had plans for a second container port further north on its coast, in the Lamu area, but the project has faced repeated delays.

Neighbouring Tanzania, to Kenya's south, is also working on making its Dar es Salaam port more efficient and plans another container terminal, adding competition in the region.

Read more on:    kenya  |  japan  |  east africa

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.