Kenya and South Sudan gets $500 million to improve road and internet links

By EA Trade Review Reporter

The World Bank Group has approved $500 million for the development of the transport and trade corridor in north-western Kenya and improve the livelihoods of the communities in Turkana and West Pokot counties.

The bank says the East Africa Regional Transport, Trade and Development Facilitation Project will enhance regional competitiveness by improving the movement of goods and people in Eastern Africa.

It will support upgrading of the road linking Kenya to its neighbors in the north-western border and also enhance internet connectivity between the countries and the rest of world. The project will cost an estimated $676 million, with the balance being contributed by the Kenya Government.

Kenya has a long established transport and trade link to the north-west but the poor state of the road constrains growth opportunities along this important corridor,” says Diarietou Gaye, World Bank Country Director for Kenya.


World Bank gives US$22 million to enhance environmental management of the Lake Victoria Basin

By EA Trade Reporter


The World Bank has given additional US$ 22 million to help East African Community partner states enhance environmental management of the Lake Victoria basin.

The bank’s Board of Executive Directors says the additional financing for the Lake Victoria Environmental Management Project Phase II will contribute to collaborative management of the Lake Victoria Basin among the partner states and improve the environmental management of targeted pollution hotspots and sub-catchments in the Basin.

It says the additional financing will boost the number of beneficiaries to 450,000, roughly a 50 per cent increase in the number under the current project.

The amount that combined grant and credit supports implementation of expanded activities that scale up the project’s impact, which aims to tackle the environmental challenges of the Lake Victoria Basin over the long-term to improve the welfare of its inhabitants.


African economies to grow five per cent despite threats from ebola, terrorism

By EA Trade Review Reporter

African economies will continue to expand at a moderately rapid pace despite weaker than expected global growth and stable or declining commodity prices, says the World Bank.

In a new Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects, the bank projects regional GDP growth to strengthen to 5.2 per cent yearly in 2015-16 from 4.6 per cent in 2014.

The report says significant public investment in infrastructure, increased agricultural production and expanding services in African retail, telecoms, transportation, and finance, are expected to continue to boost growth in the region.

This pick-up in growth is expected to occur in a context of lower commodity prices and lower foreign direct investment as a result of subdued global economic conditions.


World Bank sets historic financing for African region

By EA Trade Review Reporter

The World Bank Group committed a record-breaking $15.3 billion to Sub Saharan Africa’s development in fiscal year 2014 (July 2013 to June 2014).

The bank has in its new financing supported shared prosperity in the region and focusing on increased efforts to reduce poverty.

“Africa is making significant progress and at the World Bank we are stepping up the momentum to innovate and think big in order to help our clients achieve their development goals,” said Makhtar Diop, World Bank Vice President for the Africa Region.

“We applaud the improved policies and prudent fiscal decisions many governments have made and we will continue to provide financing through loans and grants, technical expertise and to mobilize our unique convening power to leverage the resources of other development partners.”

The Bank Group continued its strong commitment to Africa delivering $10.6 billion in new lending for 160 projects this fiscal year (FY14).


EAC and European Union sign Euro 2.3 million agreement to improve maritime security

By Fridah Nkibuga

The East African Community (EAC) has signed a cooperation programme worth 2.3 million Euros with the European Union (EU) to improve Maritime Security and create a favourable environment for the economic development in the region.

The signing of the agreement was preceded by a roundtable discussion, also held at the EAC headquarters, on the theme: “the Business Environment in East Africa’’ organized in commemoration of the EU Week.

The financing agreement was signed by the Deputy Secretary General in charge of Finance and Administration of the East African Community, Mr Jean Claude Nsengiyumva and Filiberto Ceriani Sebregondi, Ambassador  of the European Union to United Republic of Tanzania and the East African Community.

The Maritime Security Programme (MASE) is part of a 37.5 Million euros package to four regional organisations of Eastern and Southern Africa (EAC, COMESA, IGAD and IOC).


Delayed bilateral agreement stalls Holili One Stop Border Post between Kenya and Tanzania

By Fridah Nkibuga

Tanzania and Kenya’s delay to sign a bilateral agreement on One Stop Border Post (OSBP) has interrupted the operationalization of Holili (OSBP) on the Tanzania side.

Construction of Holili OSBP on Tanzania side was completed in December last year but the $5.7 million State-of-the-Art structure has remained idle for three months as the two Partner States still work on the legal text of the bilateral agreement.

The construction of Taveta OSBP on the Kenya side is expected to be completed within two months and according to the financiers, Trademark East Africa (TMEA), the operationalization of Holili could have continued without waiting for Taveta had the two countries signed the agreement.

According to TMEA Director, Integrated Border Management and One Stop Border Posts, Mr Theo Lyimo, the East African Community (EAC) passed a law on OSBP in April 2013 but it has not been assented to by the EAC Heads of States.

“Even if it (the law) will be signed, Legislations will be needed. This could take longer and that’s why the two countries opted for a bilateral agreement,” says Mr Lyimo


Bids for the first phase of the proposed Eldoret-Kampala-Kigali pipeline now ready

By Uhuru Kenyatta

Since it is our stated commitment to accelerate integration through enhanced movement of people, goods and services across our borders, it is my hope that the symbolism of hosting the summit at the Gateway to Eastern and Central Africa will not be lost.

The Port of Mombasa is our common resource. That is made abundantly clear by looking at the data on movement of goods into and out of the port.

Some 30 per cent of the 22 million tonnes of cargo handled in 2012 was destined for transit. As our economies grow, the demand for more efficient transport and communications has never been greater. And we are here because we are alive to that.

We are here to strengthen our coordination in the work we are doing together. We are here because we know that the one thing that can slow down our improving performance is inadequate infrastructure.


Limited and outdated infrastructure is a big challenge facing Port of Mombasa

By Jonathan Mturi

Huge investments needed at Mombasa port to  make it efficientThe present container terminal was commissioned in January 1983 and not further expansion of infrastructure capacity has taken place in the port since then.

Ordinarily no port in the world goes for 25 years without capacity expansion. There is no way Mombasa port could get away with such an omission and now is the moment of truth.

A study conducted in 1974 identified the Dongo Kundu area as a site for future port development after Berth 18.

Following this recommendation Kenya Ports Authority (KPA) bought some 3000 Ha of land bordering the Dongo Kundu water frontage for such future development.

In 1984 a similar study confirmed the suitability of Dongo Kundu as earlier identified and recommended. The Dongo Kundu project envisaged a fixed crossing bypass to the south with a bridge/causeway combination from Miritini Station to the Dongo Kundu mainland; a fairly large Free Trade Zone (FTZ) and an equally large operational wharf area.


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