The Lamu Port South Sudan Ethiopian Transport (LAPSSET) Corridor Project on May 10, 2016 has been awarded the prestigious “African Investor (AI) Award of the year 2016 for the Regional Infrastructure Investment Initiative” during the AI CEO Infrastructure and Sovereign Wealth Fund Investment Summit & Awards 2016, held in Johannesburg, South Africa.

The Lamu Port South Sudan Ethiopian Transport (LAPSSET) Corridor Project on May 10, 2016 has been awarded the prestigious “African Investor (AI) Award of the year 2016 for the Regional Infrastructure Investment Initiative” during the AI CEO Infrastructure and Sovereign Wealth Fund Investment Summit & Awards 2016, held in Johannesburg, South Africa.

The award was presented by Hubert Donso, CEO and Vice Chairman of African Investor, and received by Silvester Kasuku, Director General/CEO of LAPSSET Corridor Development Authority (LCDA). Mr. Kasuku was joined in receiving the award by Dr. Mbui Wagacha, Senior Economic Advisor, Executive Office of the President, The Presidency and Amb. Phillip Jada Natana, South Sudan’s Head of Mission in the Republic of South Africa.

The LAPSSET Corridor Project beat many Projects in the Continent including the ongoing Northern Corridor SGR (Mombasa – Nairobi – Kampala) Project, which was nominated for the same award. This award follows the “Global Infrastructure Leadership Project – Job/Opportunity Creation Project of the Year Award,” received by LAPSSET CEO Silvester Kasuku at the 9th Global Infrastructure Leadership Forum held at Renaissance downtown, Washington DC in the US on March 10, 2016.

This award was given to the Lamu Port South Sudan Ethiopian Transport (LAPSSET) Project for its ambitious venture to open up the country for trade, creating thousands of jobs and investment opportunities across East Africa hence impacting greatly on Kenya’s wealth. The LAPSSET Corridor Project is among projects named by World Bank and International Monitory Fund (IMF) to hugely impact on the country’s economic growth this year. “The project provides an opportunity of a lifetime to all beneficiary communities, counties and countries on the continent, it is a transformative and game changing project,” said Mr. Bruce Andrews deputy secretary US department of commerce in a statement.

Mr. Kasuku said that since inception in 2012, the project has created 5,000 direct jobs in Lamu Port and ongoing construction activities along the 500 Km Lamu-Malindi-Isiolo-Marsabit-Moyale Road. “Engineering design activities for the port, road, pipeline, railway and coal power plant among others have employed thousands of experts,” said Mr. Kasuku. “The project has also opened up new business opportunities to over a million people in Lamu, Isiolo, Marsabit, Meru, Laikipia and Turkana counties where the project is based.”

So far, the Sh46 billion Isiolo Marsabit Moyale road is nearing completion with only 30km of the 500km stretch remaining. The road is expected to be a trade facilitator between Kenya and Ethiopia. The Africa Investor Awards are unique pan-African business and capital market investment awards that recognize and reward the achievements of the private sector across wide-ranging sectors and disciplines. These awards attract the market leaders from across the continent and salute their achievements. The work of institutional investors, governments and NGOs are also celebrated.

LCDA

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