Browsing: Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET)

Infrastructure development continues to be a vital driver of Foreign Direct Investment (FDI) since logistics are so necessary for global business development, mainly e-commerce, which is now a significant generator of income and jobs at home and abroad.

  • Infrastructure development is both a means and an end goal in the quest for a faster economic revolution.
  • Continued investment in infrastructure development is thus critical as Kenya works to reduce business costs and improve competitiveness in many areas of the economy.
  • Stability must result from a consistent focus on strengthening Kenya’s infrastructure development to reduce business costs and boost competitiveness.

Globally, infrastructure development is acknowledged as a crucial path to economic growth. This acknowledgement stems from the fact that it fosters intra-country connections while strengthening regional or worldwide production and distribution networks.

Infrastructure development continues to be a vital driver of Foreign Direct Investment (FDI) since logistics are so necessary for …

Kenya and Tanzania have always seen each other as competitors when it comes to megaprojects that have a regional reach. The competition has risen from years ago with each duplicating its partner’s efforts and laying out schemes to win other members of the East African region and beyond.  
However, if there is any project that has been the hallmark of this competition, then it is the development of sea ports, with Kenya investing heavily in both Lamu and Mombasa ports while Tanzania is boosting its Dar es Salaam port and planning on growing both Bagamoyo and Tanga ports. Each country has an ey...

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Kenya’s President Uhuru Kenyatta has underscored the need for East African Community member states and the wider region to nurture peace and unity, saying colonial boundaries should not divide people.

The President said the region stands to achieve faster development if its people work together in peace and harmony.

READ ALSO:EAC countries rank among world’s rising stars of global trade

“We need to live together as brothers and sisters and respect all communities in the region,” the President said.

The President was speaking at State House, Nairobi, during a meeting with King Abdile Wabar Abdi, the Ethiopian-based traditional leader of the Degodia community found in Kenya, Ethiopia, Somalia and Djibouti.

King Abdi, who was accompanied by a huge delegation of members of the Degodia community from Kenya and Ethiopia, delivered a message of peace and unity to the President.

President Kenyatta said cultural diplomacy should be used as a …

Kenya is keen to boost its trade with Ethiopia through the One Stop Border Post initiative, even as Lamu Port South Sudan-Ethiopia Transport (LAPSSET) corridor starts to take shape.

Acting Cabinet Secretary for National Treasury and Planning Ambassador Ukur Yatani has called on residents of the upper eastern region at the Kenya-Ethiopia border to take advantage of recently established One Stop Border Point (OSBP) in Moyale to boost trade between Kenya and Ethiopia.

READ ALSO:Ethiopia beats Kenya in Foreign investments

The CS said that the modern facility which is among other six in the country was underutilized.

“We should see more trade volumes passing through the OSBP at Moyale- an indication of a robust business activity between Kenya and Ethiopia. Unfortunately, we are not witnessing this. I wish to urge residents in this region to make use of this exemplary facility for their good and the good of both …