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Tanzanian firm invests KES 19 Billion in Mombasa LPG storage

Bright Hekima by Bright Hekima
December 28, 2023
in News
Reading Time: 2 mins read

Mombasa Port is poised to receive a cutting-edge liquefied petroleum gas (LPG) storage facility through a substantial KES 19 billion investment by Tanzanian firm Taifa Gas Tanzania.

This project, spearheaded by Taifa Gas SEZ Kenya,a subsidiary of the Tanzanian company, anticipates the creation of nearly 90,000 jobs while also addressing the existing gap in the LPG sector.

With a capacious design boasting 30,000 tons, the facility is slated to become the largest of its kind in East and Central Africa, positioned to cater to the escalating demand for LPG within the region.

Taifa Gas CEO Eric Mutua expressed confidence in the investment’s transformative impact on the Kenyan economy, emphasizing its potential to generate employment, stimulate trade, and reduce dependence on imported gas.

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The Kenyan government has embraced this venture, recognizing its potential to fulfill the country’s energy requirements and contribute to job creation. Energy Cabinet Secretary Charles Keter affirmed the positive outlook, stating that the new facility will not only ensure a reliable LPG supply but also offer employment opportunities for Kenyans.

Scheduled to commence construction in early 2024, the facility aims for completion by 2026 and is strategically located at the Dogo Kundu Special Economic Zone.

This initiative aligns with the broader agenda of the Kenyan government to promote LPG utilization, positioning it as a cleaner and more efficient alternative to traditional fuels like kerosene and charcoal.

The government anticipates that the increased adoption of LPG will enhance air quality and diminish greenhouse gas emissions, marking a crucial step towards environmental sustainability.

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