๐Š๐ž๐ง๐ฒ๐š, ๐„๐ญ๐ก๐ข๐จ๐ฉ๐ข๐š ๐๐š๐ซ๐ญ๐ง๐ž๐ซ ๐ญ๐จ ๐“๐ซ๐š๐ง๐ฌ๐Ÿ๐จ๐ซ๐ฆ ๐‹๐š๐ฆ๐ฎ ๐๐จ๐ซ๐ญ ๐ข๐ง๐ญ๐จ ๐Š๐ž๐ฒ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐“๐ซ๐š๐๐ž ๐‡๐ฎ๐›

 

Lamu Port is set for increased activity following a significant agreement between Kenya and Ethiopia, positioning it as a key regional transshipment hub. President William Ruto announced on today that Ethiopia has committed to using Lamu Port for its imports, a move expected to boost trade, create jobs, and strengthen the regionโ€™s economy. He emphasized that this agreement aligns with Kenyaโ€™s broader strategy to enhance the portโ€™s role in regional logistics and commerce.

As Kenyaโ€™s second-largest port after Mombasa, Lamu is a central component of the Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) corridor, which has been under development since 2012. To further solidify its regional importance, President Ruto revealed plans to host regional leaders at the port in the near future. The first three modern berths at Lamu Port are now complete and ready for use, marking a critical step in its operational readiness.

To address the impact of port expansion on local communities, the government has allocated Ksh.1.7 billion to compensate fisherfolk displaced by construction. In addition to port development, President Ruto launched the 468-unit Mokowe Affordable Housing Project in Lamu West Constituency, which is expected to generate employment opportunities for young people while improving housing infrastructure in the area.

Further investments in infrastructure are also underway, with the government committing Ksh.600 million to connect 7,000 households in Lamu County to electricity this financial year. Meanwhile, in Tana River County, President Ruto commissioned the Bura Gravity Canal, which will expand irrigation from 6,000 to 25,000 acres. He highlighted that 70% of the funding for the project came from the government, underscoring agricultureโ€™s critical role in securing food supply, creating wealth for farmers, and reducing dependency on costly imports.

Reaffirming his administrationโ€™s commitment to equitable development, President Ruto declared that past discriminatory resource allocation practices are over. He urged Kenyans to reject divisive politics, warning against leaders who exploit ethnic divisions for personal gain. Stressing the importance of national unity, he called on citizens to remain focused on collective progress, reinforcing his vision of Kenya as one united nation working toward shared prosperity.



Ethiopian Business Review | EBR is a first-class and high-quality monthly business magazine offering enlightenment to readers and a platform for partners.



2Q69+2MM, Jomo Kenyatta St, Addis Ababa

Tsehay Messay Building

Contact Us

+251 961 41 41 41