Tullow Oil exited Kenya after 14 years, selling its Turkana oil operations to Gulf Energy for Ksh 16 billion (around USD 120 million). The deal gives Gulf full control of the long-delayed project, while Tullow retains royalty rights and an option to reclaim up to 30%. Tullow discovered Kenya’s first oil in 2012 but faced infrastructure and financing challenges. Gulf Energy said the acquisition strengthens Kenya’s energy security and future oil production.

President William Ruto said Kenya expects to finalize a trade agreement with the US by year-end. Speaking at the UNGA, he highlighted the African Growth and Opportunity Act’s (AGOA) role in boosting African exports and called for greater US market access for Kenyan products, including apparel, tea, coffee, and avocados. Ruto noted that a bilateral deal would be the first between Washington and a sub-Saharan African country.

The Central Bank of Kenya (CBK) will cap person-to-person mobile money transfer fees to reduce costs for millions of users, affecting Safaricom’s M-Pesa and Airtel Money revenues. As part of the Kenya National Financial Inclusion Strategy 2025–2028, the move aims to cut the average transaction fee from Sh23 in 2024 to Sh10 by 2028. CBK said high fees have slowed uptake of advanced services, despite mobile money’s key role in financial inclusion.

Four Kenyan companies, including Mt Kenya Tea Factory Company Limited, Tecof Limited, and Njeru Industries Limited, have been placed under administration due to financial distress. Notices in the Kenya Gazette said joint administrators will act under the Insolvency Act, 2015. Creditors and claimants have until October 4, 2025, to file claims with supporting documents.

Shipping agents warned of congestion and trade delays at the Port of Mombasa after the Kenya Plant Health Inspectorate Service (Kephis) imposed new inspection fees. The Kenya Ships Agents Association said Kephis charges Sh2,000 per vessel and Sh375 per container without physical inspections. The Kenya Maritime Authority urged suspension of the fees, citing higher costs, export delays, and slower cargo evacuation at East Africa’s busiest port.

Abyssinia Group of Industries partnered with Norway’s Empower New Energy on a Ksh 323 million (USD 2.5 million) solar project at its Awasi steel plant, raising installed capacity to 9 MWp. The new 4 MWp unit, built by Spenomatic, will supply 14 GWh annually under a 25-year power purchase agreement. The project is expected to reduce over 7,000 tonnes of CO₂ emissions and lower energy costs for the plant.