Kenya in talks with Transnet to operate seaport

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The port’s main purpose is to export oil and will link the pipeline, roads, rail and airports to neighbouring countries as part of a massive regional infrastructure plan

Nairobi — Kenya is in talks with Transnet to operate a seaport that the East African country is developing to partly use for planned exports of oil.

Kenyan president Uhuru Kenyatta is seeking to increase private investment to expand infrastructure and boost economic growth. This comes as the International Monetary Fund advises the government to restrain spending to further reduce its fiscal deficit from 7.5% of GDP at the end of June 2018.

 

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