The European Union (EU) is considering investing at least 20 billion shillings (about 200 million dollars) on Kenyas Mombasa port projects, including upgrading the berths.
The European Investment Bank (EIB) has received a request for financing for Kenyas ports, which are being processed in the form of a loan, while Regional Director of Trade Mark East Africa Ahmad Farah said that although a final decision had been reached, there were high-level negotiations and funding would come soon .
The loan of $ 180 million would soon come, while the $ 20 million grant would be considered, he said, adding that the funds would be used for continuous upgrading of the pavements and would work closely with the Kenyan Revenue Authority in the project, Simba with a new one.
Source:Cement Kuwait

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