Business is expected to grow at the Port of Mombasa after Singapore’s Pacific International Lines (PIL) and China’s Guangzhou Yansha Development Zone agreed to work together to increase their investments at the facility.
The two companies have unveiled their plans to construct more rail and road connections in the region in a bid to expand their profits.
PIL, which is considered the fourteenth largest container liner service provider in the entire world, signed the agreement with Guangzhou in Mombasa.
The agreement will see them expand their operations to various countries including Uganda, Burundi, South Sudan, Rwanda, Zambia and Malawi.
The pact was signed by PIL East Africa representative Nandar Warrier, Guangzhou’s Zhang Benhua and Yong Wang and Kenya Shipping Agency Association CEO Juma Tellah.
The agreement is expected to increase the volumes of cargo received at the Port of Mombasa from China, which is the main source of most raw materials.
“PIL is a leading carrier providing reliable and prompt service covering all major and minor ports in China. China is an important partner for East African countries and the cooperation will increase with Chinese participation in major infrastructure and development projects,” said Warrier, as quoted by The Star.
Mombasa port is one of the main entry points into East Africa. The port allows investors to access different states including Uganda, Rwanda, Burundi and South Sudan.