Kenya strives to meet rising demand for commodities

31/08/2011 - Kenya property & investment news Posted by Bob Brunskill
Kenya strives to meet rising demand for commodities

A top government official has revealed that Kenya plans to issue a tender in December to build a $300 million fuel pipeline in order to meet rising demand for commodities in the region.Patrick Nyoike, the energy ministry's permanent secretary, explained that local banks would finance the tender to build the pipeline, which he confirmed would run from the port city of Mombasa to Nairobi."Currently we have a 14-inch pipeline. We are going to build a much bigger pipeline than that to take into account the rising demand in Kenya and the region," he said."By maybe December we might be tendering for a new pipeline and that process will require some substantial financing from the private sector."Mr Nyoike explained to reporters that the old pipeline had lived beyond its 30-year lifespan and, therefore, needed replacing."So the time for renewal has come," Mr Nyoike explained to the media.