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State sets aside Sh25bn to settle fuel subsidy arrears

The government has set aside Sh25.2 billion to settle the controversial fuel subsidy debt owed to oil marketers.

Davies chirchirNjuguna ndunguMusalia mudavadiAppropriations committeePetroleum development levyVivo energy kenyaVivo energyVivo energy shPetroleum cabinetCabinet secretary njuguna ndung uPolicy statementState housePrime cabinet secretary musalia mudavadiKenya redPetroleum cabinet secretary davies chirchirEnergies marketing kenya

Vivo takes dollar loans amid forex shortage

Oil marketer Vivo Energy Kenya took up dollar loans last year as a hedge against forex shortages and a deteriorating exchange rate that left importers struggling to find hard currency to fulfil.

Saudi arabiaVivo energy kenya ltdRubis energyVivo energyVivo energy kenyaCentral bankVivo energy limitedCentral bank of kenya

State owes ViVo Energy Sh21 billion fuel subsidy

The government’s debt to Vivo Energy Kenya under the fuel stabilisation scheme jumped to Sh21 billion.

Vivo energy shVivo energyVivo energy kenyaVivo energy limitedEnergies marketingVivo energy

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