Former President John Mahama of Ghana has made a notable comeback, winning the presidential election with 56.6% of the votes against Vice President Mahamudu Bawumia. The victory, which marks the largest margin in 24 years, comes after Mahama spent eight years in opposition. His return to power has sparked a mix of celebration and skepticism…
Uganda has taken a significant step in reshaping its mining sector by establishing a state-owned mining company. Announced by Ruth Nankabirwa, the Minister for Energy and Mineral Development, this new venture is designed to manage the government’s equity interests in mining operations across the country. Previously, all mining activities were conducted by private companies that…
The recent sharp increase in fuel prices in Kenya has ignited a political storm, with former Transport Cabinet Secretary Kipchumba Murkomen at its epicenter. The government’s imposition of an Sh8 per litre hike has triggered widespread public discontent. Central to the controversy is the Road Maintenance Levy, a tax levied on fuel to fund road…
President William Ruto has nominated Opiyo Wandayi, the current National Assembly Minority Leader, as the new Cabinet Secretary for Energy and Petroleum. The nomination is part of a broader reshuffle where Ruto has also reinstated several former Cabinet secretaries from various ministries. Wandayi, who is serving his third term in parliament after being first elected…
Kenyan President William Ruto has stunned the nation by dismissing his entire cabinet, saving Deputy President Rigathi Gachagua and Foreign Affairs Cabinet Secretary Musalia Mudavadi. The sweeping action, which includes the removal of Energy and Petroleum Cabinet Secretary Davis Chirchir, comes amidst escalating GenZ protests demanding government reform, particularly within the energy sector. The decision…
Tullow Oil, a British oil exploration company, has confirmed its commitment to investing Sh1.6 billion annually (approximately $10 million) in Kenya’s oil project. Despite facing challenges, including partner withdrawals, Tullow maintains its spending, now owning 100% of the project. The company submitted an updated Field Development Plan in March 2023, currently under review by the…
The Government-to-Government(G2G) oil agreement, between the Kenyan government and three Gulf state-owned companies, allowed Kenya to import oil on credit, delaying payments to international suppliers by six months. Designed to alleviate dollar demand and strengthen the Kenyan shilling, the oil agreement has faced criticism for its role in retail price increases, irregular supplies, tax losses,…
