Why Kenya needs a world-class port in Mombasa
10 April 2012
blogs.worldbank.org - 4 April 2012
Suppose all of Kenya’s borders suddenly close. Goods and people can no longer enter or exit the country through the port of Mombasa, Jomo Kenyatta International Airport or roadways. Quickly the lack of fuel brings economic activity—and daily life— to a stand-still. Tea and flowers rot in warehouses, and hotels shut their doors for lack of visitors.
Now imagine a situation where Kenya is trading with the whole world, producing world class products and enriching its citizens: consumers can enjoy cheaper products, and exporters exploit expanded opportunities. Given the choice, which scenario would you pick?
A more open Kenya is indeed possible. According to the “Growth Commission”, there have been some 15 economies over the last 50 years which managed to grow at the rate of 7 percent a year for more than 15 years. In doing so they were able to move vast numbers of their citizens out of poverty. These countries have a few things in common, including that they embraced the world economy through trade. Openness to trade encouraged international firms to invest. Over time, local firms caught up and eventually became world leaders, such as Samsung.