Kenya Development Corporation issues Sh70 million to livestock farmers in West Pokot and Turkana

KDC targets livestock value chains with Sh70mn facility in West Pokot

The Kenya Development Corporation (KDC) has launched a Sh70 million wholesale financing facility to support livestock value chains in West Pokot and Turkana counties, aiming to boost credit access for MSMEs in pastoral economies.

Gulf Energy secures oil rig ahead of Lokichar project kick-off

Gulf Energy, the firm overseeing the Turkana oil project, has secured an oil rig for drilling in Lokichar with aims to start commercial oil production by the end of 2024. The rig, valued at over $15 million (Sh2.94 billion), is leased from a Middle Eastern firm and is expected to arrive in Kenya by June.

Governors run counties remotely as residents thirst for services

Residents in Turkana and Nandi counties are experiencing severe service delivery issues due to the frequent absenteeism of their governors and other senior county officials. This situation has led to stalled projects, including the Sh150 million Nandi county government offices in Kapsabet, which has been incomplete for over seven years.

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Government projects Sh370b in revenue from Lokichar oil fields

The Kenyan government projects to earn between Sh136 billion and Sh371 billion from the full development and production of oil in Turkana County's South Lokichar oil project. This revenue is expected to come from direct oil profit shares and government participation in the project.