Kenya sets out $1.2bn port privatisation investment programme

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Kenya has proposed nearly $1.2 billion in investment to overhaul port operations at Mombasa and Lamu, including a first concession package valued at about $615 million. The government plans to bring private operators into key maritime assets through a port privatization program.

Kenya has outlined an investment programme worth nearly $1.2bn covering a sweeping overhaul of port operations at Mombasa and Lamu as the government prepares to bring private operators into some of its most important maritime assets. New figures disclosed by the National Treasury put the first package of concessions at KSh79.69bn ($615m), with Kenya Ports …