Kenya: Billionaires Hatayan, Yerrow take on Jaffer with $11.6m Mombasa cargo facility

AI Summary

Kenyan billionaires Hatayan and Yerrow have invested $11.6 million in a new bulk cargo terminal in Mombasa through TAL Group, aiming to expand their maritime assets and challenge existing monopolies ahead of Kenya's $2.5 billion port privatization.

Through an $11.6m investment in a new bulk terminal, TAL Group is aggressively expanding its maritime footprint to challenge long-standing monopolies and position itself for Kenya’s upcoming $2.5bn port privatisation.