Welcome to the shores of the Indian Ocean and the Kenyan coastal region of LAMU.

Today's Business Daily with me Vivian Nunes is looking at a brand new megaproject that has just opened,

a deep-sea port which the Kenyan government says will transform trade in the region.

Having this big port and the fact that we'll be able to handle

Panama's post-Panaman's vessels, man, that is history.

But could this project worth hundreds of millions of dollars so far

turn out to be a white elephant?

And what are the environmental implications

for one of East Africa's most valuable carbon sinks?

Port has already affected the area.

Some mangrove have been cut down because of the concrete.

And the only way is say, if you cut one tree, plant ten trees.

Coming up on Business Daily.

Lamru Old Town sits on an island off Kenya's north coast.

A fleet of wooden sailing boats hovers in front of old stone buildings,

buffeted by the constantly shifting tides of the Indian Ocean.

In many ways, the town hasn't changed for centuries.

There are no cars on the island,

and donkeys are the main form of transport,

carrying everything from bags of cement to crates of soda

along the narrow streets.

Fishermen sell the day's catch on the waterfront underneath the mosque

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