Japan Offers Kenya Financial Hand


Japan recently announced that it will lend Kenya’s Mombasa Port around US$270 million after signing a loan deal.

According to Reuters, Kenyan authorities have recently been pressured by regional firms and neighbouring states to improve handling and efficiently at its ports.

Container traffic through Mombasa Port reached around one million TEU in 2014, up 11.9% since 2013.

The port regularly has dealings with countries that include Uganda and the Democratic Republic of Congo, where it handles consumer goods, fuel and other imports.

The loan is anticipated to help Mombasa with additional cargo-handling equipment and support two container terminals that are currently being developed.

(Source: Ventures-Africa)

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