All eyes on Gulf Energy as Tullow seals Kenya assets sale deal

Tullow has reportedly finalized a deal to sell its Kenya assets, with all eyes now on Gulf Energy regarding their involvement. This development marks a significant shift in the country's oil and gas sector.

Tullow completes sale of Kenya assets to Gulf Energy Ltd

Tullow Oil plc has completed the sale of its full Kenyan working interest to Auron Energy E&P Limited, an affiliate of Gulf Energy Ltd, for a minimum cash consideration of US$120 million.

Tullow Oil Exits Kenya After Finalising Sale of Ksh15 Billion Assets

Tullow Oil has officially exited Kenya after 14 years, finalizing the sale of its assets to Gulf Energy Limited for $120 million (Ksh15.5 billion). The British oil company received the first installment of $40 million (Ksh5.2 billion), with further payments contingent on project milestones and oil prices.

Tullow oil exits Kenya in Ksh16 billion sale to gulf energy

Trump Deals Blow to Low-Earning Kenyans in U.S.

The Trump administration has implemented a new housing policy that will restrict access to public housing support for thousands of undocumented immigrants, including many Kenyans living in the U.S. This directive requires all Public Housing Authorities (PHAs) to verify the legal status of tenants receiving HUD-funded housing or Section 8 vouchers.

Kenya’s Saccos Cross KSh. 1 Trillion in Combined Assets

Kenya’s SACCO sector has surpassed KSh 1 trillion in combined assets by the end of 2024, demonstrating significant growth. However, this success is tempered by a rise in non-performing loans and governance concerns highlighted by issues at the Kenya Union of Savings and Credit Cooperatives (Kusco).