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Plans are underway to commence the second phase of dredging at the Kilindini channel to accommodate bigger vessels into the Port of Mombasa. Kenya Ports Authority chairman Danson Mungatana said phase II of the project will complement the first phase which was completed in 2012, leading to bigger vessels coming into the port. Mungatana was […]
Parastatal heads along the northern corridor risk being sacked if they fail to deliver on the contents of the new port community charter they signed yesterday, President Uhuru Kenyatta warned. The charter signed with the private sector aims to improve movement of cargo from the port into hinterland. A total of 13 public entities signed […]
Plans are afoot to construct a six-lane superhighway connecting Mombasa and Kigali. The road is scheduled to be completed by 2024. In a charter agreed upon by 13 government agencies and departments, the Kenya National Highways Authority (Kenha) promised to work with roads agencies from Uganda and Rwanda in constructing the 1,600km road within three […]
Twenty five agencies have signed the Mombasa Port Community Charter, a binding pact with the aim of improving efficiency at the port of Mombasa. The organisations are drawn from government agencies, private sector, civil society and interest groups who are key players on the Northern Corridor. They include the Kenya Revenue Authority (KRA), Kenya Maritime […]
The African Development Bank (AfDB) has stated that construction of the cross-border Arusha-Holili Highway, which also extends from Taveta to Voi on the Kenyan side, will boost East African regional trade, particularly between the two cities of Arusha in Tanzania and Mombasa in Kenya. AfDB Senior Transport Engineer, Mr Patrick Musa, made the remarks here […]
The East African Community (EAC) member states will implement the single customs territory along the Central Corridor from the Port of Dar es Salaam in Tanzania to Kigali and other regional capitals effective July 1. The move is aimed at facilitating quick clearance of consignments entering the EAC territory through Dar es Salaam. The implementation […]
TANZANIANS need to dump their inferiority complex as the integration process in East Africa gathers pace towards monetary union because the country is set to become a leading economic powerhouse in the region. This is a general view shared here on Sunday at a seminar for Members of Parliament (MPs) on the Protocol to establish […]
TANZANIA will strive to promote intra-Africa trade, an important initiative that presents opportunities for sustained growth and development. Intra-African trade has the potential to reduce vulnerability to global shocks, contribute to economic diversification, enhance export competitiveness and create employment. This was said by the Deputy Permanent Secretary in the Ministry of Industry and Trade, Ms […]
A meeting bringing together Kenyan business people and close to 60 representatives of Israeli companies in Nairobi has signalled a potential step towards correcting the trade imbalance between the two countries. Kenya’s exports to Israel in the last five years recorded a $11.3 million (994 million) increase from $12.9 million (Sh1.13 billion) in 2007 to […]
East Africa’s second largest economy, Tanzania has recorded the fastest growth in the East Africa Community (EAC) partner states for the period of 2013. Deloitte’s Economic Outlook 2014 shows that Tanzania’s economy grew by 6.9% in 2013 and there are expectations that growth will hit the 7% mark in 2014 and 2015. “Gas discovery is […]
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