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The contribution of the sector to GDP is expected to grow from $21 million to over $300 million.A key anchor of this strategy is the revival of the KNSL, which has been moribund for more than 30 years.
Following this demand, KNSL and HitachiSoft will release the HIBUN series, already with 1,700 corporate users and 1.5 million licenses in Japan as of July 31, 2005, overseas.
One of these issues is the non-disclosure of the particulars of the Tripartite Agreement between the Kenya Ports Authority, the KNSL and the MSC.
YOUTH JOBS The statement comes after the Kenya Ports Authority (KPA) initiated talks with KNSL regarding plans for the latter to take over the operations of CT2, which hosts berths number 20 and 21.
On this, Nassir said KNSL was meant to grow, until the government issued tender for partners to come on board to partake of shares at the corporation.
MPs last week approved amendments to the KNSL Act that would have effectively locked out Mediterranean Shipping Company (MSC), a Swiss company that owns majority shares at the KNSL.The Kenya Ports Authority and foreign companies own the firm at 53:47 per cent shareholding basis.
I applaud President Uhuru Kenyatta's proposal to have KNSL and a Swiss firm jointly run the terminal.
The Kenya National Shipping Line (KNSL) that is owned by the government and foreign companies on a 53:47 per cent shareholding basis, operates the berth that generates about Sh10 billion a year.
Under the deal, KNSL will issue 3,838,500 shares with a market value of USD15.7m (EUR12.3m) in exchange for 100% of WealthMakers.
KNSL is 53 per cent owned by the government through Kenya Ports Authority and 47 per cent owned by the Swiss registered Mediterranean Shipping Company.
There is a need to support the blue economy implementation team in its bid to revitalise the Kenya National Shipping Line (KNSL) and, hence, create jobs for the seafarers and other unemployed youth, especially in the coastal region.
The deal was sealed on Monday during the signing of the shareholding agreement between the Mediterranean Shipping Company, the KNSL and the Kenya Ports Authority.
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