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

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