Mombasa cooking gas firm gets Sh4.8bn IFC loan to build terminal

A ship waits to offload LPG at port of Mombasa. file photo | nmg

The International Finance Corporation (IFC) is set to lend Mombasa Gas Terminal Limited (MGT) Sh4.8 billion to construct a liquefied petroleum gas (LPG) terminal in the port of Mombasa.

The loan is part of Sh11.2 billion funding for the firm, which is owned by Dubai-based Milio International Limited, a trader of refined fuels.

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