At the Kenyan port of Mombasa on October 10, 2011, port workers from Kenya loaded relief food aboard a ship that was headed toward Somalia. Joseph Okanga for REUTERS
- Kenya’s ambitious plan for port privatization seeks to generate $10 billion in income annually by 2030.
- In order to improve important ports, President Ruto intends to entice private investment.
- Discussions among stakeholders are sparked by Kenya’s port modernization.
Kenya has recommenced the leasing procedure for its principal ports in an effort to boost the maritime sector’s competitiveness and generate at least $10 billion a year by 2030.
To make the Northern Corridor more competitive, Kenya has proposed leasing some of the ports in Mombasa and Lamu to private operators. It is also expected that a landlord-style port management system will be put in place.
In order to establish a public-private partnership and run five essential port facilities—Mombasa and Lamu Ports, Dongo Kundu Special Economic Zones, Kisumu Port, and Shimoni Fisheries Port—the administration of President William Ruto is seeking private investors.
The move, according to President Ruto, will make the ports into world-class ports. The ports have suffered with congestion and longer dwell times for commodities.
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