Over 10 years we help companies reach their financial and branding goals. Maxbizz is a values-driven consulting agency dedicated.

Gallery

Contact

+1-800-456-478-23

411 University St, Seattle

maxbizz@mail.com

KPA invests Sh2.7bn in equipment upgrade at Lamu port – Capital FM Kenya

Hi, what are you looking for?
Literature finds unlikely social media partner in TikTok
Safaricom, YouTube ink deal to promote online content creation
Google fined $162 mn by Indian watchdog over market dominance
Huawei to invest Sh30 billion in technology in Africa, Middle East
Safaricom eyes regional markets as local market set to stagnate
Digital Transformation Awards to be held in November
Meta to launch ‘metaverse academy’ in France
PE firm Ascent Capital buys majority in Valley Hospital in Nakuru
Mastercard, OPay announce strategic partnership to grow cashless ecosystem
Does the 12pc minimum wage have a discernible effect on employment?
Government to crackdown illegal scrap metal dealers in the county
Governor Otuoma warns rogue employees he will crack the whip on them
UK commit to fund health, energy and water projects in Kirinyaga
Manufacturers aim 20pc GDP contribution by 2030
Governor Lusaka lobby’s for climate change fund bill
IFC Managing Director Makhtar Diop sits down with Sauti Sol
Seasoned Content Creators Jacky Vike And Jaymo Ule Msee Offer Great Advice To Newbies
Creativity in Marketing: What it Takes to Create Powerful Campaigns
Capital FM, EABL and MSK in partnership to launch marketing-driven podcasts
AgriTechs bet on Kenya’s mobile coverage to make farming more productive
Capital FM’s Digital Director David Muba and EABL’s Head of Media Futures Waithera Kabiru Discuss their Digital Careers
The Importance of the Role of Marketing in an Organisation as told by Graham Villiers-Tuthill
Growth, Love and Education in the Life of Funke Michaels
Head of Brand and Marketing Communications at Safaricom, Carolyne Kendi, Shares Her Atypical Marketing Journey
Manish Sardana on Entrepreneurship, Leadership and What it takes to be Successful in a Digital World.
Capital FM commemorates anniversary of Chris Kirubi’s death
Finding Opportunity in the midst of the pandemic: AskKirubi
COVID-19: Lessons Learned and Future Direction for Entrepreneurs
Kirubi set to acquire half of Centum Plc following nod by CMA
Kirubi warns investors against fake cryptocurrency platform using his name
By
Published
MOMBASA, Kenya, June 26 – The Kenya Ports Authority (KPA) is investing Sh2.7 billion in a massive handling equipment upgrade at the Lamu sea port.
KPA says the multi-billion-shilling investment programme at the Lamu Port code-named Lamu South Sudan Ethiopia Transport (Lapsset), corridor seeks to increase capacity and improve operational efficiency.
LAPSSET is a crucial Kenya Vision 2030 flagship project and is expected to transform regional economies through increased trade, integration and inter-connectivity spanning South Sudan and landlocked Ethiopia and beyond.
In a bid to improve the efficiency of port operations, KPA is procuring a range of new equipment to better handle the increase in general and containerized cargo at the country’s second commercial seaport after the Port of Mombasa.
The marine equipment set for acquisition includes three mobile cranes, three ship-to-shore gantry cranes (STS), three rubber tyred gantry cranes and four terminal tractors.
The top-of-the range port equipment aims to continuously welcome large vessels, reduce the waiting time of ships in port, speed of operations and increase productivity.
KPA General Manager for Operations, Sudi Mwasinago, says the new equipment is expected to enhance the productivity and safety of port operations and reduce vessel turnaround times at the Lamu port.
Mwasinago said these acquisitions aim to ensure a sustainable and reliable service and continuously improve customer satisfaction, as well as increase handling capacity of container traffic.
“We expect the new equipment will help us improve our operational efficiency, productivity and meet the surging demand from clients,” he said.

Advertisement. Scroll to continue reading.

Addressing journalists during a tour of port facilities in Mombasa and Nairobi, Mwasinago said the Lamu Port was expected to operate optimally after the completion of the road and rail infrastructure upgrade that will help in the evacuation of cargo.
He contended that the handling equipment modernization will in the long run increase the competitiveness of the Lamu port and allow it to handle higher tonnage vessels.
The KPA official added that lately the Authority has invested heavily on port expansion projects that have greatly improved efficiency and boosted capacity at the port of Mombasa.
He said, “The improved infrastructure projects have helped alleviate port congestion that have plagued businesses and enhanced container traffic at the port.”
Meanwhile, the evacuation of cargo by Standard Gauge Railway (SGR) has significantly contributed to the speedy import container deliveries from the port of Mombasa to the hinterland.
According to the Manager of the Inland Container Depot Nairobi (ICD) Paul Bor, the facility handled a total of 433,678 Twenty Foot Equivalent (TEUs) in 2021 compared to 393,152 during the previous year.
Bor attributed the improved performance to the facility’s spacious yard that can handle a container throughput of over 450,000 TEUs per annum making it ideal for shippers of both exports and imports.
“The ICD has decongested the port of Mombasa by reducing container dwell time and bringing services closer to our customers in the hinterland, “he said.
The unparalleled port investment by the government has allowed the port of Mombasa, the getaway to East and Central Africa, to strengthen its positions as the preferred trade destination in the region.

Advertisement. Scroll to continue reading.

Maritime stakeholders contend that the investments would be able to push Mombasa to become a world-class port and encourage economic growth.
The port has embraced an electronic system which has so far enhanced time and cost of clearance of goods at the port.


NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight…
NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any…
NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead…
It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be…
NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March…
NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety…
NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of…
NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the…
© 2022 Capital Digital Media. Capital Group Limited. All Rights Reserved

source

User Avatar

Author

Joseph Muongi

Financial.co.ke was founded by Mr. Joseph Muongi Kamau. He holds a Master of Science in Finance, Bachelors of Science in Actuarial Science and a Certificate of proficiencty in insurance. He's also the lead financial consultant.