Sharp Daily
No Result
View All Result
Thursday, May 21, 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

KCB
Analysis

KCB posts record ksh 68.4 billion profit as regional growth pays off

May 21, 2026
News

EA cables NSE return: what the rescue acquisition means for Kenya’s stock market Investors

May 21, 2026
News

The importance of liquidity management in financial markets

May 21, 2026
John Mbadi, Kenya's treasury secretary, during an interview in Nairobi, Kenya, on Wednesday, Aug. 20, 2025. Kenya is in talks with China to convert dollar-denominated debt the East African nation owes its biggest bilateral lender to yuan and extend the repayment period, Mbadi said. Photographer: Kang-Chun Cheng/Bloomberg via Getty Images
Analysis

Finance bill 2026: Key changes set to shape kenya’s economy

May 20, 2026
News

The relationship between interest rates and equity market performance

May 20, 2026
News

The impact of exchange rate volatility on investment decisions

May 19, 2026

LATEST STORIES

KCB

KCB posts record ksh 68.4 billion profit as regional growth pays off

May 21, 2026

EA cables NSE return: what the rescue acquisition means for Kenya’s stock market Investors

May 21, 2026

The importance of liquidity management in financial markets

May 21, 2026

Cable Experts to acquire 68% stake in East African Cables from TransCentury

May 20, 2026
John Mbadi, Kenya's treasury secretary, during an interview in Nairobi, Kenya, on Wednesday, Aug. 20, 2025. Kenya is in talks with China to convert dollar-denominated debt the East African nation owes its biggest bilateral lender to yuan and extend the repayment period, Mbadi said. Photographer: Kang-Chun Cheng/Bloomberg via Getty Images

Finance bill 2026: Key changes set to shape kenya’s economy

May 20, 2026

The relationship between interest rates and equity market performance

May 20, 2026

The impact of exchange rate volatility on investment decisions

May 19, 2026

Equity Group Holdings move to extend its footprint across Southern Africa

May 19, 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