JAPAN GIVES US$241M FOR KENYA'S MOMBASA PORT EXPANSION

The Government of Japan has pledged Sh15 billion grant towards the development of the Mombasa Port.

The new Japanese envoy to Kenya, Mr Shigeo Iwatani, said on Wednesday that an exchange note to that effect would be signed between the two governments mid this month.

Iwatani said his Government is impressed by the economic development that Kenya has achieved and promised more donor funding to finance the country’s infrastructure.

"The Japanese Government is impressed by Kenya’s economic growth and development and is keen to assist the country further. We have a number of projects in the pipeline and will begin with the signing of the exchange note towards the development of the Mombasa Port," said Iwatani.

He was speaking in Nairobi during a meeting with Planning and National Development minister, Mr Henry Obwocha. Iwatani said discussions were ongoing with the Kenyan authorities on a five-year development plan.

RO-RO MOMBASA PORT

Boss Freight Terminal Ltd, an exclusive vehicle handling facility at Mbaraki in Mombasa is embarking on an ambitious multi-billion shilling project to convert the facility into a duty-free motor mart or ‘small Dubai’, its deputy GM, says,

Boss Freight terminal operates like any other CFS and is charged with the responsibility of creating a storage yard for imports. They have managed to make facilitation of an integrated clearing, billing, verification and security screening for all vehicles through working relationship with the Kenya Revenue Authority (KRA) officers, Kenya Bureau of Standards (KEBS) and port police.





They are planning to construct a multi-storey parking facility which will accommodate a total of 20,000 units as well as house car dealers and agents. We intend to become a bonded facility enabling dealers to import and sell ‘on site’.