Govt to earn Sh22.5mn monthly from Mombasa LPG terminal land lease
The 23.19-acre parcel will be leased for 31 years, generating more than Sh698 million in annual rental income over the lease period...
✨ Key Highlights
The Kenyan government is set to generate significant monthly revenue from leasing land in Mombasa to Asharami Synergy Limited for an LPG storage facility.
- The government will earn Sh22.5 million monthly from the lease.
- The land is owned by Kenya Petroleum Refineries Limited (KPRL).
- The 31-year lease for the 23.19-acre parcel is expected to add 30,000 metric tonnes of LPG storage capacity, aiming to lower cooking gas prices.
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