French liner CMA CGM, the third largest container carrier in the world, has agreed to invest Ksh106bn ($820m) to modernise and expand two terminals at the Port of Mombasa in cooperation with the Kenyan government.

The agreement seeks to boost cargo-handling capacity, reinforce regional trade corridors, and improve Kenya’s connectivity to global shipping routes.

CMA CGM also stated the project will improve inland logistics networks linking Kenya to East and Central Africa.

Mombasa hosts one of East Africa’s largest ports, which serves landlocked countries, including Uganda, Rwanda, South Sudan, and the Democratic Republic of Congo.

The agreement aligns with Kenya’s Public–Private Partnership (PPP) model to upgrade the ports of Mombasa and Lamu, with plans to finance upgrades through infrastructure bonds.

Across the continent, CMA CGM is involved in the operation and development of nine container terminals, including the Kribi Container Terminal in Cameroon, the Lekki Deep Sea Port in Nigeria, and a new deepwater terminal in Pointe-Noire, Congo.

It also has terminal infrastructure investments in Egypt and Morocco, as well as countries in West Africa.