EPRA Caps Borrowing for Future Oil Projects Ahead of Commercial Production
Under the proposals, firms that fail to allow for audits risk being fined with figures of up to Ksh20 million, with the regulations coming months ahead of commercial oil drilling in Kenya...
✨ Key Highlights
Kenya's energy regulator, EPRA, is introducing new regulations to cap debt financing for future oil and gas projects, aiming to strengthen financial oversight ahead of commercial drilling in Turkana.
- Proposed regulations mandate a maximum 70:30 debt-to-equity ratio for petroleum projects.
- The Energy and Petroleum Regulatory Authority (EPRA) will oversee compliance, with non-compliant firms facing fines up to Ksh20 million.
- These rules aim to ensure financially stable projects and prevent debt from delaying or undermining developments.
Continue Reading
Read the complete article from Kenyans
Part of the Day's Coverage
Kwale Residents Challenge Kenya-US Rare Earth Mining Deal in Court - August 2026
Residents of Kwale, Kenya, have taken legal action challenging a preliminary agreement between Kenya and the United States for the exploration and mining of rare earth minerals at Mrima Hill. Separately, the National Land Commission has initiated a fresh compulsory land acquisition process along the Mombasa-Mariakani highway corridor to facilitate its ongoing dualization, putting landowners on notice. Kenya's energy regulator, EPRA, is introducing new regulations to cap debt financing for future oil and gas projects, aiming to strengthen financial oversight ahead of commercial drilling in Turkana.
Kenya's news, briefed daily
Daily Briefs with audio, your topics, and breaking stories.
Take Kenya's news with you
Breaking stories, daily briefs, and the topics you follow - on your phone, free.
