Kenya's Gulf Energy E&P BV has affirmed its commitment to invest US$6 billion in the Turkana oil production project, aiming to achieve crude oil production by December 1, 2026, while upholding international best practices.

• The firm, represented by Chairman Mr. Francis Njogu, will invest nearly US$6 billion in this project, which he described as the most significant private-sector driven upstream petroleum investment in Kenya’s history.
• Gulf Energy E&P BV pledges adherence to world-class standards and strong emphasis on local content, community engagement, and social investments, targeting crude oil production by December 1, 2026.
• The Government of Kenya projects potential earnings between USD 1.05 billion and USD 2.9 billion over the project's life, with Parliament expected to deliberate on the Field Development Plan (FDP) and Production Sharing Agreements (PSCs).

The National Treasury of Kenya plans to significantly increase domestic borrowing, targeting 82 percent of its gross borrowing from the local market under its 2026–2029 Medium-Term Debt Management Strategy (MTDS).

• The strategy aims to reduce costs and manage debt risks, allocating only 18 percent of borrowing to external sources.
• Kenya's public debt stood at Sh11.8 trillion, or 67.8 percent of GDP, as of June 2025.
• The Treasury plans to reduce reliance on short-term Treasury Bills and issue more medium- and long-term domestic securities.

Kenya's food import bill increased by Sh4.8 billion, reaching Sh288.1 billion last year, reversing a previous decline due to renewed drought pressures. This rise signals renewed strain on food supply chains after a weak short rains season disrupted crop production, influencing the country's inflation.

• The country spent Sh288.1 billion on food imports in 2025, up from Sh283.3 billion in 2024.
• The Kenya National Bureau of Statistics (KNBS) data highlights a 1.7 percent import bill increase and its impact on inflation.
• Inflation marginally dipped to 4.4 percent year-on-year in January 2026, primarily due to significant price rises in cabbages (9.3 percent), fortified maize flour (6.7 percent), Sukuma wiki (4 percent), and Irish potatoes (3.4 percent).