Mediterranean Shipping Company (MSC) yesterday signed a deal in front of Kenya’s president to revive one of Africa’s most famous shipping lines.
President Uhuru Kenyatta was on hand yesterday to witness the signing of a Memorandum of Understanding (MoU) between the Ministry of Transport and Infrastructure and MSC to revive Kenya National Shipping Line.
The line has been struggling for many years and has been close to insolvent.
“The recovery strategy proposed, among other things, is giving the company the sole mandate to handle government cargo,” a statement from the cabinet earlier this week stated.
Speaking during the signing ceremony in Nairobi yesterday, President Kenyatta said: “We are very keen to revive the shipping line. And we are confident that we can run the shipping line again.”