Kenya woos investors to key regional infrastructure project

Kenya on has appealed to foreign investors to grab opportunities in the multi-billion regional infrastructure project at Kenya’s coastal town of Lamu which is expected to transform transport in the East Africa region.

Kenya on has appealed to foreign investors to grab opportunities in the multi-billion regional infrastructure project at Kenya’s coastal town of Lamu which is expected to transform
transport in the East Africa region.

Prime Minister Raila Odinga said Lamu Port project, officially known as
Lamu-Southern Sudan Ethiopia Transport (LAPSSET), is going to change the way
Africa relates and does business with the rest of the world as it will see
Africa trade more with itself.

“Many analysts in Europe and elsewhere dismiss potentials of trade
with other African economies. But market in Africa is not as small as they
think,” the PM said according to a statement issued in Nairobi on
last week.

The presidents Mwai Kibaki of Kenya, Salva Kiir of South Sudan and
Ethiopian Prime Minister Meles Zenawi presided over the port’s groundbreaking
ceremony of the East Africa’s largest port, road and railway projects last
Friday.

 

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