President William Ruto has appointed Deputy President Kithure Kindiki to lead a government committee that will collaborate with private sector investors on the ambitious Ksh2.2 trillion oil refinery project in Lamu.On Tuesday, July 8, 2026, during the signing of the Sovereign Wealth Fund Bill at State House, Nairobi, the president
Tag: Sovereign Wealth Fund
Mbadi Defends Safaricom Stake Sale as Strategic Move, Not Desperation
The Treasury Cabinet Secretary John Mbadi has acted to address public worries surrounding the government's sale of a 15 percent share in Safaricom to Vodafone. This transaction is valued at approximately $1.56 billion (Ksh204 billion), along with an additional Ksh40.2 billion dividend pre-payment, bringing the total to Ksh244 billion.In an