Kenya’s Finance Bill 2026 Risks Derailing Green Transition, Industry Players Warn
Posted inTech & Energy

Kenya’s Finance Bill 2026 Risks Derailing Green Transition, Industry Players Warn

Kenya’s Finance Bill 2026 proposes a 16% VAT on electric vehicles and batteries, threatening to derail the nation’s green transition. Experts warn the move undermines climate goals by making clean transport more expensive than fossil fuel alternatives. The tax shift signals a policy contradiction that could stall investor confidence in Kenya's fast-growing e-mobility sector.
Doubt on Kenya’s Oil Ambitions as Africa’s Fossil Fuel Promise Crumbles
Posted inTech & Energy

Doubt on Kenya’s Oil Ambitions as Africa’s Fossil Fuel Promise Crumbles

Kenya’s plans to expand oil production are facing growing criticism after a new report warned that decades of fossil fuel extraction across Africa have failed to deliver broad economic benefits. As the country pushes ahead with Turkana oil drilling and a proposed refinery in Mombasa, analysts say Kenya risks investing in stranded fossil fuel assets while the world rapidly shifts toward renewable energy.