Corporate News
China joins contest to fund second port in Lamu
The port of Lamu. With Japan also said to have interest in the project, it remains to be seen how the bidding for the project between the Asian rivals plays out. Photo/LABAN WALLOGA
By MWAURA KIMANI
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Posted Tuesday, May 4 2010 at 00:00
Posted Tuesday, May 4 2010 at 00:00
Transshipment business for the East African countries is already threatened by South Africa, which has seven ports.
A new port- Ngqura was opened last year and has positioned the country as a transshipment hub for East and West Africa.
The Lamu port is expected to have a total of 22 berths with a quay that will lie on 1,000 acres.
It will serve the Ethiopian market, currently served by Djibouti port and Southern Sudan which relies on Port Sudan.
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