Why Tullow's Turkana oil sale deal is at risk over Sh22b tax claim

The larger-than-asset-value tax claims complicates Gulf Energy takeover, raising uncertainty over the deal’s completion as the company claims the assessment lacks merit...

✨ Key Highlights

A Sh22 billion tax dispute is jeopardizing Tullow Oil's planned sale of its stakes in Kenya's oil fields.

The claim is from the Kenyan government, initiated by the National Environment Tribunal.
The dispute involves Tullow Oil and its partners, Africa Oil and TotalEnergies.
The sale is crucial for Tullow's financial strategy, potentially impacting its future in the region.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article

Related News

top1d ago

Ruku flags off food, livestock feed and cash transfers for drought-hit Turkana

The national government has launched a significant drought relief effort in Turkana County, distributing food, livestock feed, and cash transfers to over 300,000 affected residents.

The Standard

📰 Read Full Story

Video

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

NTV Kenya (Youtube)

4d ago

business4d ago

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.

Capital Business