President William Ruto's administration has unveiled plans to revamp and expand two ports on the coast through a Public-Private Partnership (PPP).
The ports which are set to be rehabilitated in Lamu and Mombasa counties are part of the government's broader strategy to rebut the rising competition from harbours in neighbouring countries.
In the notice issued by the National Treasury, the government would expand the ports through a private partnership since the Kenya Ports Authority (KPA) is too financially constrained to fund the projects.
The government is also seeking private funding to reduce the overreliance on external debt, as the country already faces a high risk of debt distress.
