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Kenya, U.S. companies in talks on multibillion-dollar port deal

Published on July 30, 2015

Kenyan and U.S. companies are negotiating a potential multibillion-dollar agreement with the Kenyan government to help develop the East African country’s biggest infrastructure project.

The U.S. companies want to take part in the Lamu Port Southern Sudan-Ethiopia Transport Corridor, which envisages the construction of a port, power plant, railway and other facilities, according to Issa Timamy, governor of Lamu county in southeastern Kenya. Discussions are being led by Aeolus Kenya Ltd., a closely held power and infrastructure developer known as AKL, he said in a phone interview on July 21. Read more. Source | BloomBerg