The Kenyan government has plans to lease out sections of its ports to private investors to raise much needed fund, according to the Nation. The seaports in consideration include the Kilidini Harbour, Dongo Kundu Port, Lamu Port, Kisumu Port, and Shimoni Fisheries Port.The government plans to raise US $304 million from the lease of Lamu Port for 25 years. Kenya, like most African economies, have been hit by rising prices, including energy and food prices. The International Monetary Fund (IMF) in July completed the fifth review of its extended fund facility and extended credit facility arrangement that it has so far disbursed US $2.04 billion since April 2021.
