Kenya: Njuguna Ndung’u Explains Why G-to-G Deal Was Successful

Former Treasury Cabinet Secretary Professor Njuguna Ndung’u on Tuesday explained that the government’s Government-to-Government (G2G) fuel purchase arrangement has played a pivotal role in reducing dollar demand and easing the pressure on the Kenyan Shilling. 

The initiative, aimed at stabilising Kenya’s foreign exchange market and introduced in April 2023, has been hailed as a crucial intervention during a period of global dollar shortages, leading to a notable impact on the local…