Following news that Kenya was set to commission a second container terminal under its ‘Vision 2030’ programme, the country has announced the inauguration of the first part of the major project, according to Reuters.
The terminal is expected to boost the volume of cargo coming into Mombasa Port by 50%.
The second container terminal is to be funded by the Kenyan and Japanese governments, with phase one consisting of two berths.
President Uhuru Kenyatta, said the terminal signalled “a whole new era in the development of our ports and facilitation of the region’s international trade”.
Henry Rotich, Finance Minister for Kenya, said: “In five years’ time, we expect to have hit 2.5 million TEUs after completing the second phase.”
Africa is currently seeing a major period of growth, with South Africa seeing TEU volumes between two and five million TEU.
