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THE STANDARD By Awal Mohammed | March 6th 2021 at 00:00:00 GMT +0300 Fabian Subi, a gold miner at Sumba Mbili Gold mine site in Nyatike Sub County. [Caleb Kingwara, Standard] Kenya’s mining sector can contribute up to 12 per cent of the gross domestic product if fully exploited. This is according to a report by the Mineral Rights Board on how to attract mining investment that was launched this week. The report identified major challenges that have seen local and foreign investors shying away from the sector. “The sector is historically funded by development partners and private investor...

THE STANDARD By Jacob Ng'etich | February 6th 2021 at 00:00:00 GMT +0300 ODM leader Raila Odinga popularizing BBi in Lodwar Barasa Park. [Emmanuel Wanson, Standard] Opposition leader Raila Odinga’s announcement on Thursday that he is betting on the Building Bridges Initiative (BBI) to determine whether he will be on the ballot next year has thrown wide open the high stakes attached to the process. The ODM leader has hitherto avoided talk of 2022 polls and whether his name will be on the ballot. Cautious and measured in his words, he has always insisted on his bigger vision for the country...

Inadequate infrastructure has been blamed for slow pace in commercialisation of crude oil as the country seeks $5 billion (Sh500billion) to develop and expand fuel facilities.

THE STANDARD BUSINESS NEWS Kenyans could soon be hit by another round of fuel pump price hikes as the government reviews pricing of petroleum products. The Petroleum Ministry in new draft regulations has increased the cost components factored when computing the retail cost of diesel, super petrol and kerosene. In the proposed formula, motorists will incur new levies such as inventory financing costs, which are expected to help oil marketing companies access working capital. Other components include jetty handling costs, which are fees that will be passed on to entities that facilitate unload...

THE STANDARD BUSINESS NEWS   Products to be stored in strategic reserves will include super petrol, diesel, kerosene, jet fuel and cooking gas. [File] The Government is in yet another attempt to secure the supply of petroleum products in the country through strategic reserves of commonly used fuels. The strategic petroleum stocks are expected to cushion the country from supply hiccups. Such hiccups have in the past caused supply disruptions including countrywide fuel outages that have been costly to Kenya’s economy. It is, however, not the first time that the Government has tried to estab...