Sharp Daily
No Result
View All Result
Saturday, September 19, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenya Building More Ships For Uganda Fuel To Expand Lake Victoria Trade

admin by admin
May 17, 2023
in News
Reading Time: 1 min read

Energy and Petroleum Cabinet Secretary David Chirchir has announced plans by the Kenyan government to build three more ships to ferry oil and oil products to Uganda through Lake Victoria. He said upon completion, the ships would allow for daily trips to and from Uganda, from the current weekly trips.

The ships are expected to use the oil jetty in Kisumu, a project which cost the taxpayer Ksh 2 Billion and has been heavily underutilized since its completion in 2018. The project is expected to ease pressure on other infrastructure, such as easing road congestion at border crossings, improving the reliability of the supply, and being cost-effective.

The three ships are expected to work in tandem with MV Uhuru II, Kenya’s first locally manufactured ship, which is expected to hit the waters in July, and increase Kenya’s haulage capacity through the lake corridor and allow for daily trips. MV Uhuru II is being constructed at a cost of Ksh 2.4 billion by Kenya Shipyards Limited partnering with Dutch company Damen Shipyards. According to the government, it is expected to save the taxpayer Ksh 1.3 billion on the cost of importing a new ship.

The manufacturing commitment is expected to be a boon for lakeside residents and offer employment for locals in the manufacturing sector. It is also expected to boost trade through Lake Victoria and grow the lakeside economy in line with the country’s Blue economy agenda.

RELATEDPOSTS

Kenya keeps a close eye on Uganda’s vote as trade and security hang in the balance

January 14, 2026

Museveni warns of war over Indian Ocean access.

November 12, 2025
Previous Post

King Charles’ Upcoming Visit To Kenya Could Reignite Efforts For Reparations

Next Post

The Sugar Scandal: Revealing Kenyan Authorities’ Negligence and the Urgent Need for Accountability

admin

admin

Related Posts

News

How Kenyan Households Can Build More Resilient Portfolios

September 18, 2026
News

Safaricom Divestiture Reversed: High Court Nullifies Kshs 204.3 bn Vodacom Stake Sale

September 17, 2026
Analysis

Family bank joins NSE: What it means for investors

September 17, 2026
News

Student Housing as an Investment Frontier

September 17, 2026
News

Kenya’s collective investment market moves toward a new phase

September 16, 2026
News

Asahi Group set to take control of EABL after Kenya’s competition watchdog approves Sh298 Billion Diageo deal

September 14, 2026

LATEST STORIES

Why Kenyan businesses must take climate risk more seriously

September 18, 2026

How Kenyan Households Can Build More Resilient Portfolios

September 18, 2026

Cost-cutting strategies to make your pension last

September 18, 2026

Safaricom Divestiture Reversed: High Court Nullifies Kshs 204.3 bn Vodacom Stake Sale

September 17, 2026

Family bank joins NSE: What it means for investors

September 17, 2026

Apple TV now officially available in Kenya via iCloud+

September 17, 2026

Student Housing as an Investment Frontier

September 17, 2026

Apple Expands Into Kenya With Apple TV and Arcade Launch

September 17, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024