Kenya seeks to lease key ports to private firms

lamu

Mv Banyas 1 Lome Vessel docked at the Port of Lamu Berth Number 1, Kenya on October 15, 2022. PHOTO | KEVIN ODIT | NMG

Kenya has revived the process of leasing its key ports to bolster competitiveness of its maritime sector in order to generate at least $10 billion annually by 2030.

Kenya has placed bids to lease sections of Mombasa and Lamu ports to private operators, with landlord-type port management system expected to take place in what is aimed at making the Northern Corridor competitive.