Sharp Daily
No Result
View All Result
Wednesday, November 26, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenya in Saudi crosshairs to solidify oil dependence

Allan Lenkai by Allan Lenkai
November 30, 2023
in News
Reading Time: 2 mins read

Kenya has become a focal point in a strategic maneuver orchestrated by the Saudi Arabian government, as uncovered in an undercover investigation conducted by the Centre for Climate Reporting (CCR). The investigation reveals Saudi Arabia’s intentions to impede the reduction of fossil fuel usage in specific African nations, including Kenya, through its Oil Sustainability Programme (OSP).

Despite being presented as a climate change mitigation initiative, the investigation exposes the true motive behind the OSP—to solidify the dependence of these countries, including Kenya, on Saudi oil. Leveraging its substantial sovereign wealth fund, the Gulf State plans to finance the development of high carbon infrastructure, such as airports, roads, and ports, in Kenya and other African nations. This infrastructure is anticipated to exclusively rely on vehicles and machinery powered by Saudi oil.

A key element of this strategy involves collaboration with an undisclosed car manufacturer to produce and distribute affordable fuel-intensive vehicles in the targeted countries, mirroring tactics previously employed by China in extracting crucial resources from Africa and Asia for industrial growth.

Kenya’s recent strengthening ties with Saudi Arabia, evidenced by President William Ruto’s multiple visits to Riyadh, align with the vision of the OSP. The country is identified as a potential hub for both Liquefied Petroleum Gas (LPG) and solar energy projects, as disclosed in a presentation by OSP head Mohammad Al Tayar to the African Refiners and Distributors Association in Cape Town, South Africa.

RELATEDPOSTS

SMS spam surge in Kenya: fears of personal data misuse by telcos exposed

November 21, 2025

Rural banking expansion: how financial literacy drives economic inclusion in Kenya

November 20, 2025

The CCR’s investigative work, featuring undercover reporters posing as investors, secured vital documents outlining the 46 projects supported by Saudi Arabia under the OSP. These documents emphasize a reluctance towards electric vehicles, indicating a preference for internal combustion engine cars reliant on petrol or diesel—a stance seemingly in opposition to the global shift towards renewable energy sources.

While Kenya’s participation in the OSP has not been officially announced, it is evident in its engagements with Saudi Arabia. Last year, Kenya received USD 13.8 million from Saudi firms, including oil giants Saudi Aramco, for carbon credit auctions. President Ruto asserted that these funds were allocated to initiatives related to clean cooking and solar home systems, ostensibly aligning with OSP objectives.

These revelations unfold against the backdrop of the upcoming COP28 in Dubai, where global efforts to address climate change will be deliberated. The Paris Agreement, a significant outcome of COP21, aimed to limit the global temperature rise to 1.5 Celsius by 2100. The disclosed information raises crucial questions about Kenya’s dedication to global climate goals and the ethical considerations surrounding strategies reliant on fossil fuels.

Previous Post

Former KeRRA deputy director faces seizure of assets in corruption ruling

Next Post

Treasury eases IPO criteria to revitalize stock exchange

Allan Lenkai

Allan Lenkai

Related Posts

News

How Interest Rate Hikes Shape Small-Business Investment

November 25, 2025
KPLC rolls out new OCR meter-reading technology
News

KPLC rolls out new OCR meter-reading technology to eliminate manual data entry

November 25, 2025
Entertainment

Kenyan women defy global beauty standards, surgeons warn against cookie-cutter procedures

November 25, 2025
News

The rapid growth of Kenya’s pension assets

November 25, 2025
News

Why investors are shifting toward long-term government bonds in Kenya

November 24, 2025
News

Kenya and Uganda launch East Africa’s largest steel mill

November 24, 2025

LATEST STORIES

How Interest Rate Hikes Shape Small-Business Investment

November 25, 2025

Kenya’s Retirement Benefits Schemes H1’2025 Performance

November 25, 2025

Understanding midlife crisis

November 25, 2025
KPLC rolls out new OCR meter-reading technology

KPLC rolls out new OCR meter-reading technology to eliminate manual data entry

November 25, 2025

World bank raises Kenya’s 2025 growth forecast as construction sector rebounds

November 25, 2025

Kenyan women defy global beauty standards, surgeons warn against cookie-cutter procedures

November 25, 2025

The rapid growth of Kenya’s pension assets

November 25, 2025

Why investors are shifting toward long-term government bonds in Kenya

November 24, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024