Kenya: CS Wandayi Says G-to-G Fuel Deal Eased Dollar Shortages, Secured Kenya's Fuel Supply
Wandayi said the program eased about $500 million in monthly dollar demand and preserved foreign exchange reserves through 180-day credit terms.
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Kenya: CS Wandayi Says G-to-G Fuel Deal Eased Dollar Shortages, Secured Kenya's Fuel Supply
Nairobi -- Energy and Petroleum Cabinet Secretary Opiyo Wandayi has defended Kenya's government-to-government (G-to-G) fuel importation arrangement, saying the programme helped address severe US dollar shortages and safeguard the country's petroleum supply.
G-to-G eliminated fuel importation brokers, Ruto tells Kenyans abroad
President William Ruto has told off critics of the Government-to-Government fuel importation deal signed between Kenya and three state-owned firms, saying the arrangement has helped cut out middlemen in the trade. Speaking in New York when he met Kenyans living in the United States, President Ruto said the G-to-G fuel import arrangement Kenya signed with […]
CS Wandayi says G-to-G Fuel Deal Eased Dollar Shortages, Secured Kenya’s Fuel Supply
Wandayi said the arrangement was introduced in 2023 after Kenya faced an acute shortage of foreign currency that had threatened the importation of refined petroleum products and other essential commodities.
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