The 47-year-old state corporation is to be reincorporated as a Public Limited Company under the Companies Act as the government simultaneously presses ahead with a long-stalled plan to hand Lamu Port berths 1 to 3 and Mombasa berths 11 to 14 to private operators under a landlord concession model projected to unlock Sh44 billion in annual cash flows.
The expansion initiative has already begun with China Communications Construction Company (CCCC) mobilizing to the site to demolish the decommissioned Kipevu Oil Terminal.
The seized sugar at a private container freight station, Mitchel Cotts, was imported from Port Louis, Mauritius by Rehema Badi, a marketing strategist at Mitchell Cotts which is under Elavon Logistics Limited. Word has it that Rehema is a notorious businesswoman used by local and international sugar cartels to dump contaminated sugar in the country. […]
The business empire of the family of former Mombasa governor Hassan Joho has come under threat following the cancellation of leases and contracts worth billions of shillings linked to the port of Mombasa in what is being termed as the state raid. The family business empire has also been faced by audit queries on how […]
In the recent past, atleast 22 people have been threatened or detained for criticising a deal between Tanzania and Dubai that covers the management of a Tanzanian port by Emirati logistics company DP World, according to Human Rights Watch. Amnesty International said a number of dissents have been detained after speaking out publicly against the […]
Mystery surrounds the presence and destination of a Denmark-owned cargo ship that arrived at Mombasa port with nuclear waste disguised as padlocks and hardware items. MV Seago Piraeus Voy was loaded in India on December 2, and is said to have Dar es Salaam, Tanzania, as its destination. Prior to its arrival in Kenya, it […]
