Kenya eyes inland port at Busia to serve nearby States
Business
By
Andrew Makari Watila
| Apr 28, 2015
Kenya aims to build a cargo logistics hub near the border with Uganda to receive and clear goods through customs that arrive by air, rail or road, easing pressure on the port of Mombasa and Nairobi airport, a senior regional official said.
The so-called “dry port” would be built near Malaba, along the route of a new rail line being built to provide a faster link for freight coming from the Coast.
Kenya has been working with neighbours such as Uganda and Rwanda to speed up transport links from Mombasa, which is the region’s main trade gateway and its busiest port. Busia Infrastructure executive Greg Odeke said the project, which could cost an estimated Sh100 billion, was presented to some international investors last month.
“This will be a strategic international business hub for cargo handling and associated business,” Odeke said.
He said Busia would seek expressions of interest from investors in July or August. Under the plan, goods arriving by sea and bound for nearby States could be sent directly inland and then go through customs clearance at Malaba.
READ MORE
Equity Q1 net profit up 24pc to Sh18.3b on regional units
KCB Q1 net earnings hit Sh17.8b to join rivals in defying tough times
Centum Re begins handover of 400 apartments at Nairobi's Two Rivers
Epra makes marginal hike on pipeline tariff, piles pressure on consumers
ICPAK urges accountants to restore trust in public institutions
Alarm raised over lagging decarbonisation in construction industry
Retail investors can now own a piece of mega infrastructure projects through NSE
Why AI is gaining prominence in Africa's new investment agenda
New push to formalise garbage collection SMEs
The power of patience, psychology and strategy in debt recovery