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EU considers spending Sh20bn in loan and grant to boost Mombasa Port projects

Cargo at a Kenya Ports Authority yard in Mombasa. PHOTO | FILE

The European Union is considering investing at least $200 million (Sh20 billion) on Mombasa Port projects including modernisation of berths.

The European Investment Bank (EIB) has already received a request for funding from the Kenya Ports Authority (KPA), which is being processed as a loan, while a grant is also in the pipeline.

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