Kenya bleeds millions as Uganda goes slow on joint oil jetty plan

The Kisumu Oil Jetty. Failure by East African neighbour to build reciprocal facilities on Lake Victoria reflected in KPC’s 2019 books, with Auditor General warning of further hit for taxpayers in subsequent years.
[Phillip Orwa, Standard]

Kenya Pipeline Company’s (KPC) Sh2.06 billion Kisumu oil jetty depreciated by Sh158 million in 2019. This was a result of Uganda’s failure to put up a reciprocal facility on Lake Victoria.

The depreciation of the jetty has been captured in the State corporation’s annual report to June 2019. Since then, there has been little change, with the facility remaining underutilised.