T
Originally published by The Standard Business
📰 Read Full Article
April 7, 2026
6h ago

Experts dismiss CS Wandayi's claims, fault opaque fuel deals, policy failures

Experts dismiss CS Wandayi's claims, fault opaque fuel deals, policy failures

Economists and energy experts have pushed back against remarks by Energy CS, Wandayi, dismissing claims that he was unaware of ongoing crisis...

✨ Key Highlights

Economists and energy experts have refuted claims by Energy Cabinet Secretary Opiyo Wandayi regarding the ongoing petroleum sector crisis, attributing the challenges to opaque fuel deals and policy failures.

  • Economist Patrick Muinde criticized government-to-government (G-to-G) fuel deals for lacking competitive procurement processes, potentially leading to scandals and inefficiencies.
  • The Institute of Certified Public Accountants of Kenya (ICPAK) Chairman CPA Elizabeth Kalunda described the situation as a systemic failure, calling for accountability for those responsible.
  • Experts highlighted that the landed cost, reflecting international purchase prices, accounts for 50-55% of fuel pricing, making Kenya vulnerable to global supply shocks.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article
Advertisement
Advertisement