Zanzibar plans $560m free port project

AI Summary

Zanzibar plans a $560 million free port project at Mangapwani to boost its position as a regional trade and logistics hub along East Africa’s Indian Ocean coast. The development aims to attract international shipping and enhance trade capacity.

Zanzibar has unveiled plans for a major free port development at Mangapwani as the semi-autonomous island seeks to re-establish itself as a regional trade and logistics hub along East Africa’s Indian Ocean coastline. The proposed project, valued at around KES78bn ($560m), would create a dedicated free port and logistics zone designed to attract international shipping, …