Government poised to exit g-to-g oil deal as Kenyan shilling free fall continues



The Kenyan government is poised to exit the Government-to-Government (G-to-G) oil deal, acknowledging its challenges and its failure to stabilize the Kenyan shilling, despite the signing of the deal last year.

In a report released by the International Monetary Fund (IMF), the government concedes that it has been unable to counter the free fall of the Kenyan shilling against foreign currencies, facing pressure in the international market.

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