Sharp Daily
No Result
View All Result
Tuesday, November 4, 2025
  • 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

Uganda Central Bank hack confirmed, officials downplay $17 Million loss

November 29, 2024
Ugandan presidential candidate and singer Robert Kyagulanyi Ssentamu, known as Bobi Wine, is processed by electoral officials before casting his ballot in the presidential elections in Kampala, Uganda, January 14, 2021. REUTERS/Abubaker Lubowa

Uganda’s electoral commission announces 2026 election dates

August 1, 2024
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

Why more Kenyans are turning to money market funds — and how you can get in

November 4, 2025
News

How Loans Can Improve Your Credit Score

November 4, 2025
Analysis

Tanzania travel advisory November 2025: what it means for Kenya tourism this christmas season.

November 3, 2025
News

Cytonn Wallet: Simplifying Access to Smart Investments

November 3, 2025
Rescue teams in Elgeyo Marakwet after Kenya landslide
News

Kenya landslide tragedy: death toll rises as rescue operations continue in Elgeyo Marakwet

November 3, 2025
Analysis

M-Shwari crisis Kenya: timeline, problems & what savers need to know.

November 3, 2025

LATEST STORIES

Why more Kenyans are turning to money market funds — and how you can get in

November 4, 2025

How savings are shaping a smarter future

November 4, 2025

How Loans Can Improve Your Credit Score

November 4, 2025

DP World Launches digital PCS at Kenya Ports Authority

November 4, 2025

Global sustainability recognition for Kenya Ports Authority

November 4, 2025

Britam launches Kenya’s first pilot loss of license insurance cover

November 3, 2025

Kenya’s Privatization Act 2025: Enhancing efficiency and transparency in SOE sales

November 3, 2025

How fintech is powering Kenya’s cashless future

November 3, 2025
  • 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