Kenya’s Mombasa Port Charter bearing fruit

Port of Mombasa

Port of Mombasa

from MARIA MACHARIA in Nairobi, Kenya
NAIROBI – THE objectives outlined in the Mombasa Port Community Charter are starting to be realised as evidenced by a significant increase in container traffic in the first half of the year, analysts said.

The port recorded a 12,8 percent increase in container traffic in the first half of this year as compared to the same period last year.

The volume of goods channeled to neighbouring countries also soared, rising 9,6 percent year-on-year following the opening of a new berth in the third quarter of 2013.

“This augurs well for East Africa as a whole,” Rand Merchant Bank Global Markets, the economic think-tank stated.

To accommodate greater volumes, a second container terminal at Mombasa is
being developed while a second port in Lamu is in the works.

“The project forms part of the Lamu Port and Southern Sudan-Ethiopia Transport Corridor (LAPSSET) initiative which is a major flagship proposal set out in Vision 2030, with the aim of transforming the economy of northern Kenya and opening up the region to create linkages between Kenya and other East African countries.

“The cost of doing business through East Africa’s largest port is generally aggravated by poor infrastructure, delays in cargo clearance and customs procedures; however, enhancements to infrastructure and administrative processes should increase capacity,” the firm added.

The Mombasa Port Community Charter spells out a number of broad goals, which include transforming the Mombasa port to a highly performing landlord port by 2016 and integration of all port community members systems into the Kenya National Electronic single window system by December.

– CAJ News






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Posted by on Jul 31 2014. Filed under Africa & World, Featured, Finance, Finance & Banking, Investing, Investing, News, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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