privatization · LEAD
KPA To Be Dissolved, Replaced By A Liability Firm As Govt Sets To Privatise Lamu Port And Two Mombasa Berths
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.