Promoter: The Kenya Tourist Development Corporation (KTDC)
Lake Victoria, the largest fresh water lake in Africa holds great potential to link Kenya, Uganda and Tanzania , but the resources have not been fully tapped. Apart from cruise ships, water sports and floatels, potential exists on beaches along the shores which are ideal for hotels and clubs. Opportunities for lodges, tented camps and land sports exist away from the lake shore. For all these to be developed, there is need to provide adequate supportive infrastructure , which is also an business opportunity in itself.
Investment opportunity: Cruise ship project
Project location: Kisumu, the only town on the shores of lake victoria that has a dry port.
Project site: Lake victoria, operational base to be in Kisumu City on the shores of the lake.
Project description: The project involves the installation of a luxury passenger vessel - a 5 star floating hotel - for tourists comprising of 40 double cabins to accommodate 80 passengers. The floating hotel will provide additional accommodation facilities to complement the existing overstretched capacity in the region. Luxury passenger boats can also be operated between Kisumu and Muhuru bay with existing stopovers at Kendu Bay, Mfungano Island and Rusinga Island, all situated along the lake shores. With the current cooperation between East African Community member states, potential investors can extend cruiseship circuits
to Uganda and Tanzania.
Project cost: Cost will include cruise-ships, luxury boats, furnishing fixtures and working capital.
For further information and incentives available to investors contact the KTDC.
Key contact: Julie Njeru
Acting Chief Executive, KTDC
Email: info@ktdc.co.ke
Website: http://www.ktdc.co.ke/
