Latest news from Heavy Lift & Project Forwarding International Magazine

Siginon sees promise in Kenyan project market

June 8 - The growing East African economy has drawn interest from various multinational companies keen on taking a piece of the infrastructure development pie, says Kenya's Siginon Global Logistics.

Infrastructure-wise, the Kenyan budget is the highest within the East Africa region at USD40 billion - approximately three times its annual budget. Since 2002, the Kenyan government has taken up ambitious infrastructure projects, which in 2008 culminated in the launch of the Kenya Vision 2030 blueprint that seeks to position Kenya as a middle-income country by the year 2030.

Some of the projects in the Vision 2030 include creation of highways, cities, port expansion, and oil and gas exploitation, all geared at boosting the Kenyan economy.

China in particular has played a great role in most of the Kenya infrastructure projects through funding as well as in providing expertise and technology transfer. Most notable was the construction of the 50 km long Thika super highway that was completed in 2012.

The logistics industry in Kenya has seen a spike in business boosted by the increase of imports of project related cargo by air or through sea, commented Lawrence Mangarunyi, divisional manager at Siginon Global Logistics.

Siginon Group managing director Meshack Kipturgo explained that in the Standard Gauge Railway (SGR) project, there is a lot of construction equipment and implements being imported into Kenya to facilitate the construction, most of which is oversize cargo that requires specialised equipment as well as trained personnel.

 

Kenya's Thika highway.

 

www.signion.com

Heavy Lift | News

Marine insurance: Reducing costs and capacity thumbnail image

Marine insurance: Reducing costs and capacity

September 19 - Marine insurance providers are commoditising their products in order to reduce costs. The result, according to the International Union of Marine Insurance (IUMI), is a loss of expertise.
Views: 334
Zeaborn forms JV with MPC thumbnail image

Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 722
DHL strengthens network in Middle East and Africa thumbnail image

DHL strengthens network in Middle East and Africa

September 18 - DHL Industrial Projects is opening a centre of excellence (COE) in Dubai as well as offices in Egypt, Ethiopia, Kenya and Turkey to coordinate complex logistics projects in the Middle East and Africa.
Views: 835
ALE plans Swedish branch thumbnail image

ALE plans Swedish branch

September 18 - ALE will open an office in Sweden during the last quarter of 2019 as it looks to expand its operations in Scandinavia.
Views: 580

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.