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Originally published by Kenyanstop
May 23, 2026
2h ago
CS Mbadi Warns of Shilling Weakening to Ksh180 Amid Calls to End Current Fuel Deal
Mbadi's remarks come amid calls from some Kenyans for the government to scrap the current fuel import framework and return to an open market system...
✨ Key Highlights
Treasury Cabinet Secretary John Mbadi has warned that revoking Kenya's current government-to-government (G-to-G) fuel import deal could cause the Kenyan shilling to plummet to as low as Ksh180 against the U.S. dollar.
- The shilling could weaken from its current Ksh129 to between Ksh160 and Ksh180 if the G-to-G deal is cancelled.
- Treasury Cabinet Secretary John Mbadi is advocating for the continuation of the G-to-G fuel import arrangement.
- Mbadi stated that the current fuel price crisis is a global issue, not solely a Kenyan problem, citing disruptions from the Middle East war.
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