Trouble for idle Sh2bn Kisumu jetty
Monday December 14 2020
An aerial view of Lake Victoria showing the newly refurbished Kisumu Port (front) and Kisumu Oil Jetty (back). PHOTO | TONNY OMONDI | NMG
By EDWIN OKOTH
Summary
The Kisumu jetty, which has remained idle since February 2018, can only function once the Uganda facility is ready to allow evacuation of oil from tankers arriving from Kenya via Lake Victoria.
Now, Auditor General Nancy Gathugu said KPC will need to cut the value of the jetty in its books, arguing that it may not find use in coming months.
Kenya Pipeline Company (KPC) may be forced to devalue the newly-built Sh2 billion Kisumu oil jetty due to uncertainty over its use following delays by Uganda to construct its side of the docking facilities, the Auditor General has warned.