News and Analysis
June 26, 2026
Welcome to the Money News Roundup. Today, we cover Rwanda's decision to stop buying fuel through Kenyan oil marketers and the latest NTSA directive on the rollout of mandatory vehicle inspections.
Rwanda has announced that it will no longer source fuel through Kenya’s government-to-government fuel importation model, ending decades of collaboration on petroleum supplies.
As reported by Business Daily, industry executives said Rwanda has already informed local oil marketers of the transition, with OQ Trading, the Omani government's energy trading firm, expected to supply fuel under a direct relationship with Kigali.
The move deals another blow to Kenya’s G2G deal, which is still recovering from the loss of Uganda's transit fuel market after Kampala adopted a similar G-to-G model in 2023.
Uganda’s exit from the deal marked a dramatic turn after Kenyan authorities denied the Ugandan National Oil Cooperation (UNOC) a license to import fuel into Kenya outside the G2G deal. The Ugandan government sued Kenya at the East African Court of Justice before the matter was resolved.
Rwanda currently imports most of its fuel through the Port of Dar es Salaam, while about 30% is supplied through Kenyan oil marketers.
Although the reasons for the shift remain undisclosed, the move comes as Rwanda grapples with the highest fuel prices in East Africa following global supply disruptions linked to the Middle East conflict.
Rwanda is expected to continue using the Port of Mombasa and the Kenya Pipeline Company network to transport fuel.
Senior Rwandan energy officials are expected in Nairobi this week to discuss storage and transportation arrangements with the Kenya Pipeline Company.
NTSA has clarified that private motorists will not face immediate enforcement of mandatory annual vehicle inspections, despite the new rules taking effect from July 1.
As reported by the Star, the authority directed traffic police not to demand proof of inspection during roadside checks, saying enforcement will begin only after the implementation framework is finalised.
PSVs and commercial vehicles will, however, be required to have the annual tests that will cost up to Ksh2,000.
NTSA also granted temporary relief to school transport and commercial vehicle operators on selected technical requirements, including telematic systems.
KNEC has launched a new E-Certificate platform that enables former KCSE and KCPE candidates to access, download, and verify their examination certificates online.
As reported by Eastleigh Voice, the platform covers candidates who sat national examinations between 1989 and 2025. The new system will allow Kenyans to retrieve lost certificates without visiting KNEC offices or their former schools.
To access the service, users must register on the KNEC e-Certificate portal using an email address and complete an identity verification process using their personal details, which are validated through the Integrated Population Registration System (IPRS).
Applicants are then required to enter their examination details and pay a certificate generation fee of about Ksh1,200, plus VAT and eCitizen charges. Once payment is confirmed, the system generates a digitally signed PDF certificate that can be downloaded instantly.
Absa Bank Kenya Chief Executive Officer Abdi Mohamed has resigned after serving for three years, with Chief Financial Officer Yusuf Omari expected to take over on an interim basis as the lender begins a leadership transition.
Mohamed, who took office in May 2023, is reportedly set to join another bank in Kenya. His departure comes as Absa Group seeks to increase its stake in the Kenyan unit through a Ksh31 billion share offer.
During his tenure, the bank improved operational efficiency and expanded non-interest income, although first-quarter 2026 profit fell 13.9% to Ksh5.3 billion. Read more
RUPSA Sacco has petitioned the High Court to place KUSCCO under insolvency proceedings, arguing the cooperative's financial position meets the threshold under the Insolvency Act.
As reported by Capital Business, court filings show KUSCCO has liabilities of Ksh17.7 billion against assets of Ksh5.2 billion, leaving a deficit of about Ksh12.5 billion.
The petitioner also cited audit findings, unpaid statutory demands and statements by Cooperatives CS Wycliffe Oparanya that about Ksh13 billion was lost at KUSCCO.
The High Court will determine whether the case should proceed to a full hearing or be dismissed on jurisdictional grounds.
The government plans to rehabilitate and expand Wilson Airport to address ageing infrastructure, improve safety and accommodate rising passenger numbers.
As reported by Capital Business, Aviation PS Teresia Mbaika told senators that runway rehabilitation is underway, with further expansion works planned to strengthen safety.
A new master plan, now in its final stages, proposes a modern passenger terminal to replace the current facility, which was built for 20,000 passengers annually but now handles nearly 800,000.
Safaricom's Pochi la Biashara has overtaken Lipa na M-Pesa business tills in merchant adoption, driven by increased uptake among micro traders such as food vendors, boda boda operators and kiosk owners.
As reported by the Business Daily, the number of Pochi users doubled to 2.1 million in the year to March 2026 from 1.1 million, compared to one million business till users.
The product's popularity is attributed to features such as separate business wallets and protection from payment reversals. Despite the higher user numbers, business tills generated Ksh9.3 billion in revenue, more than double Pochi's Ksh4 billion during the same period.
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