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World Bank: Kenya government should move fast and resolve the mess at the port if it wanted to continue reaping profits. CFM.

Kenya

Mombasa Port congestion hurting Kenya economy

World Bank: Kenya government should move fast and resolve the mess at the port if it wanted to continue reaping profits. CFM.

World Bank: Kenya government should move fast and resolve the mess at the port if it wanted to continue reaping profits. CFM.

NAIROBI, Kenya, June 2- Kenya risks losing billions of shillings in trade if it does not resolve congestion and delays at the Mombasa port.

The World Bank warned that neighboring countries currently relying on the port for delivery of goods were seeking alternatives due to the crisis.

The revelations were made by World Bank Vice President for Africa Makhtar Diop and other officials when they met a delegation of Kenyan Government officials led by Deputy President William Ruto in Yokohama in Japan on Saturday.Ruto was due to back in Kenya on Sunday.

Diop asked the Kenyan government to move fast and resolve the mess at the port if it wanted to continue reaping profits.

Ruto has assured that the matter will be resolved because.

“We are aware of the problems and that is why after elections the President led a delegation to the port to get first hand information of what was happening,” Ruto said.

The deputy President said the government is also planning to construct a railway line to construct Mombasa to Nairobi to ensure cargo is easily transported to their respective destinations.

“We want a container terminal in Nairobi and construct a completely new railway line as part of the measures to make the port viable,” the Deputy President added.

World Bank has assured Kenya that it will seek private financing in electricity sector since the country has good technical capacity in the geothermal sector.

“The Rift Valley area is very promising for Kenya’s power needs especially geothermal,”Diop said.

The meeting also discussed issues relating to health, infrastructure development and tourism with the bank pledging to assist Kenya realise its dream.

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Cabinet secretaries Aden Mohamed, Davis Chirchir accompanied the deputy president.

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