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In a statement on Sunday, Wandayi said the arrangement, signed in March 2023 with Saudi Aramco, Abu Dhabi National Oil Company (ADNOC) and Emirates National Oil Company (ENOC), was designed to ease pressure on foreign-exchange reserves by allowing suppliers to provide fuel on 180-day credit terms.
The DP said the move would help protect farmers from poor returns while strengthening the country's food reserves, with rice from Mwea and other producing areas expected to be bought before foreign supplies are allowed into the market.
The former chairman of the National Assembly Budget and Appropriations Committee, said the latest move by the United States Federal Reserve could add to the financial pressure facing the country.
The United States Department of Agriculture (USDA) has warned that the country could face a maize shortfall of 2.2 million tonnes this year, pushing the required imports to a record 2.3 million tonnes to keep households, millers and animal feed manufacturers supplied.
The new rate, which takes effect immediately, was announced after President William Ruto met Micro, Small and Medium Enterprises (MSME) traders on Wednesday, September 2, 2026.
Speaking on Radio Generation on Tuesday, Muriithi said the consolidation system was introduced to help small traders who cannot fill an entire container on their own.
Consolidated cargo enables several small importers to ship their goods together in one container. By sharing the same container, traders can reduce shipping and other logistics expenses that would otherwise be incurred when each importer brings in a separate consignment.
Nyoro spoke on Friday, August 28, 2026, after his People’s Tour at Kamwangi in Gatundu North Constituency, Kiambu County. In a statement shared on his official X account, he criticised the decision to increase the benchmark from Sh2.5 million to Sh3.2 million.
While some businesses in the CBD remained closed, trading continued normally in other parts of Nairobi. Eastleigh was largely calm by mid-morning, with shops open and business going on as usual.
Bisau noted that the Strait of Hormuz, despite being only about 33 kilometres wide, is one of the world's most strategic maritime corridors because it carries close to 20 percent of global fuel supplies
Lawmakers scrutinised the State Department for Industry over duty-free raw sugar import records, including inconsistencies on whether consignments were from Brazil or South Africa, and asked for documentation and safeguards before the inquiry concludes.
Figures from the Kenya National Bureau of Statistics show Kenya spent Sh15.6 billion on medicinal and pharmaceutical products between January and March 2026, down from Sh20.4 billion during the same period last year