President William Ruto announced that the Lamu refinery project is expected to attract between $6 billion and $7 billion (Ksh778B-Ksh908B) in foreign direct investment next year, linked to a new pipeline project transporting crude oil from Turkana to Lamu. The President also explained the strategic rationale behind choosing Lamu as the location for the proposed Dangote refinery. At the same time, President Ruto announced significant enhancements to the Directorate of Criminal Investigations (DCI) Anti-Narcotics Unit as part of a stepped-up campaign against drug trafficking and abuse in Kenya. Additionally, a new bill proposed in Kenya seeks to impose stricter regulations on foreign currency, including hefty penalties for hoarding. The proposed amendments to the Central Bank of Kenya Act aim to curb speculative hoarding that can destabilize the exchange market.









