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Why opposition has reignited debate on Sh200bn Saudi oil deal

Kenya paid over Sh210 billion to three Gulf companies under a G2G import credit scheme. ....

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Uganda To Cease Sourcing Fuel Products From Kenya Over Deal with the Gulf

Uganda To Cease Sourcing Fuel Products From Kenya Over Deal with the Gulf
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RUTO begins feeling the pinch as he pays the first Sh35.2 billion in the 'fake' oil deal with the Gulf countries

Thursday, September 28, 2023 – President William Ruto has already paid Ksh35.2 billion ($238.8 million) as part of its obligations to the government-to-government deal agreed between Kenya and Gulf countries. Documents shared by the Treasury show that the payment is part of the first maturing Letters of Credit (LCs) of the deal agreed between the Kenyan Government and a… ....

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More pain in Kenya as pump prices jump 13pc in latest review

The government suspended fuel stabilisation plan that it used last month to keep prices unchanged. ....

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Oil dollar swap deals pile pressure on shilling

Oil dollar swap deals pile pressure on shilling
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