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July 23, 2025
1w ago

Govt Reveals How Uganda Disrupted Kenya's Multi-Billion Deal

Govt Reveals How Uganda Disrupted Kenya's Multi-Billion Deal

The CS, however, noted that the deal boosted the Kenyan shilling against the dollar...

✨ Key Highlights

The Kenyan Energy and Petroleum Cabinet Secretary Opiyo Wandayi has accused Uganda of disrupting a crucial Government-to-Government oil deal, impacting fuel imports. The Cabinet has approved a 24-month extension to the agreement.

  • Ksh25 billion from the Petroleum Development Levy was allocated in this year's budget.
  • Opiyo Wandayi emphasized that the deal was critical during a period of foreign exchange strain.
  • Recent fuel price hikes correlate with a 6.72% increase in Super Petrol prices due to rising global oil costs linked to the Middle East conflict.

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