Kenya's early oil pilot schemes exposed significant governance and revenue management weaknesses, prompting a stark warning from Controller of Budget Margaret Nyakang’o before full-scale crude exports commence.

• Nyakang’o cited limited disclosure of Production Sharing Contracts (PSCs) and weak monitoring of the five percent royalty for local communities.
• The Controller of Budget highlighted the absence of clear guidelines for accounting and spending petroleum proceeds and proposed that community funds be managed by a legally constituted local Board of Management.
• Nyakang’o emphasized the lack of a legal framework restricting oil revenues for recurrent expenditure and called for clarity on her office's mandate to authorize withdrawals from petroleum funds.

CIC Insurance Group has generated KShs 1.8 billion from the sale of two land parcels located near Tatu City and in Kajiado County. This strategic move aims to bolster the company's financial standing and liquidity.

• Proceeds of KShs 1.8 billion were secured from the sale.
• The sales involved a 50-acre block neighboring Tatu City and a 100-acre parcel in Kajiado.
• According to Patrick Nyaga, Group Managing Director & CEO of CIC Insurance, these transactions will significantly strengthen the company’s balance sheet and improve liquidity.
• CIC Insurance Group Plc continues to hold substantial land investments, including 200 acres near Tatu City and 495 acres in Kajiado.

Agridex International has partnered with Tradeflow Capital Management to launch a new digital payments and trade finance platform, Loam, aimed at supporting SMEs in Kenya and across Africa, particularly in the agricultural and commodity sectors.

• The Loam platform offers near-instant settlement at transaction costs below 0.2 percent, significantly lower than traditional cross-border payments which can exceed 3 percent.
• Agridex’s Loam platform will be the core payments infrastructure, while Tradeflow Capital Management, which has facilitated over $5 billion in SME trade transactions, will use it as the primary conduit for structured trade finance capital.
• This collaboration seeks to address persistent financing gaps, high borrowing costs, and delays faced by SMEs by combining digital payment rails with asset-backed, data-driven financing models.