Auditor General pokes holes in G-to-G oil deal

The deal was meant to mitigate against the weakening Kenya Shilling that was attributed to Oil Marketing Companies (OMCs) operations and reduce pressure on foreign currency liquidity for the economy.

Documents relating to the importation of refined petroleum products revealed that the Government of Kenya, through the State Department for Petroleum, initiated fuel importation through the arrangement in March 2023. As of June 30, 2023, Sh267,722,538...