Kenya Shipyards Ltd (KSL) has the capacity to handle vessels of more than 4,000 tonnes and 150 metres and will boost the East African country’s status as a maritime hub.
The new facility has the longest slipway, a platform on which ships are secured and winched out of the water into a working area for construction, repair, refitting and maintenance.
The modern shipyard has two ship-building hangers, one 150 metres long and 30 metres high and a smaller one 120 metres long, 20 metres high and 13 metres wide.
President Uhuru Kenyatta officially opened the facility as Kenya eyes the lucrative shipbuilding and repair business.
Certified ship welders
“In the project, Kenya, which owns about 17 military ships, seeks to save $6,800 million per vessel in maintenance fees every 10 years considering that since independence, all Kenyan ships have been serviced and maintained overseas, either in Spain or Netherlands.
KSL is the anchor industry for the blue economy and will provide civil and modular infrastructure workshops, slipways, jetties, bridges and others required to support the maritime industry.
Kenya has already formed a full department on the national blue economy, which will require specialised vessels such as deep-sea fishing in the exclusive economic zone, where vast untapped marine fisheries resources are found.
Securing Kenya’s marine assets requires well-equipped vessels and KSL will play a key role in offering technical support.
The country built its first vessel – the MV Uhuru II – at the Kisumu port more than 70 years ago.
The global market for ship construction, estimated at $126 billion in 2020, is dominated by South Korea (40 per cent), China (25 per cent) and Japan (15 per cent).
This means that Kenya will for the first time have the chance to access $ 5.6 trillion of the trade that takes place in this region of Africa by ensuring ships pass through Kenya to undergo repair and maintenance.
Buhari, Jonathan, Obasanjo, Babangida, Abdusalami, Osinbajo, Atiku, others to spend N13.8billon from N27.5 trillion 2024 budget
The Eyewitness Reporter
The Federal government has earmarked the sum of N13.8 billion in the 2024 budget as the cost of upkeep of
former presidents, vice presidents, heads of state, Chiefs of General Staff, retired heads of service, permanent secretaries, and retired heads of government agencies and parastatals.
The beneficiaries include former Presidents Olusegun Obasanjo, Goodluck Jonathan and Muhammadu Buhari, ex-vice-presidents Atiku Abubakar, Namadi Sambo and Prof Yemi Osinbajo.
Also expected to benefit from the windfall are ex-military Heads of State, General Yakubu Gowon and General Abdusalami Abubakar, as well as a former dictator and self-styled military President, General Ibrahim Babangida, and a former Chief of General Staff, Commodore Ebitu Ukiwe (retd.).
Also, N1tn was provisioned for the public service wage adjustment for government Ministries, Departments and Agencies (including arrears of promotion and salary increases, and payment of severance benefits and minimum wage-related adjustments).
A breakdown shows that the entitlements of former presidents/heads of state and vice presidents/chief of general staff will cost N2.3bn. At the same time, N10.5bn is proposed as benefits for retired heads of service, permanent secretaries and professors.
The payment of severance benefits to retired heads of government agencies and parastatals is proposed to cost N1bn.
Other allocations include N65bn for the Presidential Amnesty Programme for the reintegration of transformed ex-militants; N1bn for the Office of the Presidential Adviser on Energy; and N108bn for unnamed special projects.
The government is also proposing the sum of N40bn to offset electricity debts owed to power distribution companies by all MDAs.
President Bola Tinubu unveiled the N27.5 trillion budget estimates for the 2024 fiscal year.
The budget was presented to a joint session of the National Assembly on Wednesday, where it is currently undergoing scrutiny and deliberation for final approval.
In his presentation, he declared, “The 2024 Appropriation has been themed the Budget of Renewed Hope.
The proposed budget seeks to achieve job-rich economic growth, macro-economic stability, a better investment environment, enhanced human capital development, as well as poverty reduction and greater access to social security.
News Alert: Wale Adeniyi revives CG conference, holds 2023 edition December 13-15 in Lagos.
Ukraine blocks Russia’s reelection bid at IMO council elections
The outcome is another blow for Russia after it failed in its bid to return to the UN’s top human rights body in October, in an election seen as a key test of Western efforts to keep Moscow isolated.
Last year, Moscow also failed to win enough votes for re-election to the UN aviation agency’s governing council.
The London-based International Maritime Organization (IMO) is responsible for regulating the safety and security of international shipping and preventing pollution and comprises 175 member state countries.
Russia has been a member since 1958 and has been consistently re-elected to the IMO Council.
With voting on Friday, 40 countries were elected by secret ballot to the IMO Council, which supervises the work of the body.
In October, Russia said the IMO was departing from its impartial role due to “external pressure” which it said was impacting the fair treatment of all member countries.
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