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Finland reiterates its commitment for enhanced partnership in trade facilitation initiatives

Finland’s Development Policy Committee visited the Port of Mombasa on 1 November 2023, where they were hosted by the Kenya Ports Authority‘s Managing Director Captain William Ruto to witness our joint trade facilitation projects. The delegation, including Finnish MPs, civil society actors and government representatives, led by Finland Deputy Head of Mission to Kenya and TMA’s Council Chair Otto Kivinen, saw how our partnership to improve the ports’ digital and physical infrastructure and build capacities has reduced cargo evacuation time.

Finland reiterates its commitment for enhanced partnership in trade facilitation initiatives

Finland’s investment in a modern cruise ship terminal at the port, in partnership with the Government of Kenya, is a beacon of economic opportunity, is a major boost to the coastal region’s  tourism industry. And guess what, the port is eagerly awaiting a cruise call on Saturday, 4 November, promising a ripple effect of economic gains in Lamu and Mombasa.

Some of our other results include truck turnaround time at the Port of Mombasa dropping from 7.2 to 3.5 days, fuelling a 5.7% annual growth in cargo throughput from 2016 to 2020. Select One Stop Border Posts (OSBPs) across East Africa have reduced truck crossing times by an average of 70%, saving traders time and money.

For over a decade, Finland has been a pivotal partner in TMA’s journey, providing essential EUR 26.9 million in core funding. This steadfast support has fuelled innovation, sustainability and amplified our impact in driving prosperity through trade. Together, we have empowered businesses across TMA countries of operation, cultivating a more dynamic trade environment and catalysing cross-border collaboration and networking opportunities.

The visiting delegation was impressed by the achievements and also identified gaps and opportunities for future collaboration. This is especially relevant as Mombasa Port embraces the green agenda for its transformation into a green port.

Finland reiterates its commitment for enhanced partnership in trade facilitation initiatives

As TMA continues to strengthen existing partnerships and forge new ones, we anticipate even more significant impacts across Africa as we embark on our third strategic phase covering 2023-2030 period.