Kenya woos investors to key regional infrastructure project

Kenya on has appealed to foreign investors to grab opportunities in the multi-billion regional infrastructure project at Kenya’s coastal town of Lamu which is expected to transform transport in the East Africa region.

Monday, March 12, 2012

Kenya on has appealed to foreign investors to grab opportunities in the multi-billion regional infrastructure project at Kenya’s coastal town of Lamu which is expected to transformtransport in the East Africa region.Prime Minister Raila Odinga said Lamu Port project, officially known asLamu-Southern Sudan Ethiopia Transport (LAPSSET), is going to change the wayAfrica relates and does business with the rest of the world as it will seeAfrica trade more with itself."Many analysts in Europe and elsewhere dismiss potentials of tradewith other African economies. But market in Africa is not as small as theythink,” the PM said according to a statement issued in Nairobi onlast week. The presidents Mwai Kibaki of Kenya, Salva Kiir of South Sudan andEthiopian Prime Minister Meles Zenawi presided over the port’s groundbreakingceremony of the East Africa’s largest port, road and railway projects lastFriday.