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Kenya
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for the 29 Sep - 05 Oct
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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.
Opposition leader Martha Karua declared her 2027 presidential bid at the PLP National Delegates Conference in Nairobi, pledging to serve only one term if elected. She was joined by Kalonzo Musyoka, Rigathi Gachagua, Eugene Wamalwa, and Justin Muturi. The opposition committed to backing a single candidate against President William Ruto and criticized his administration while unveiling new party structures and a shadow cabinet.
Wiper leader Kalonzo Musyoka declined Raila Odinga’s invitation to ODM’s 20th anniversary in Mombasa, citing years of support for Raila’s campaigns. Speaking in Nairobi, Kalonzo, who announced his 2027 presidential bid, wished ODM well but said he would not attend. He predicted President William Ruto would serve only one term, drawing a comparison to Malawi’s Lazarus Chakwera. He added that Wiper plans to field candidates in several upcoming parliamentary and county assembly by-elections.
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.
Former Deputy President Rigathi Gachagua criticized President William Ruto’s United Nations General Assembly (UNGA) address, calling it inconsistent and alleging double standards in his foreign and domestic policies. Speaking in Kajiado, Gachagua questioned Kenya’s Haiti deployment, raised concerns about local security issues, and criticized Ruto’s handling of fallen officers. He urged youth to register as voters and dismissed speculation that Kalonzo Musyoka or Eugene Wamalwa might join the government, emphasizing that the opposition remains united.
President William Ruto responded to US President Donald Trump’s UNGA speech, in which Trump called climate change “the greatest con job ever”. Ruto said floods, wildfires, and droughts show climate change is real and requires urgent action. He highlighted Africa’s shift from charity-based to investment-driven climate financing and stressed the need for reforms in the UN and global financial systems. He warned the UN risks collapse unless it becomes more democratic and responsive.
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.
Allies of President William Ruto criticized retired President Uhuru Kenyatta for commenting on the government’s performance, urging respect for the office of the Head of State. Farouk Kibet cited debt from Uhuru’s tenure and highlighted Ruto’s initiatives, including housing projects, health programs, and the Mandera–Isiolo highway. Senate Majority Leader Aaron Cheruiyot and other MPs said Uhuru’s remarks could undermine progress and called for allowing Ruto space to govern.