Arsenal fans… you lot got all the way to the Champions League final just to remind everyone why you’ve still never won it Bottled it beautifully. Absolute scenes. Meanwhile we’re just sat here laughing in 20/21 trophy mode Keep crying in the group chat kings #GGMU#ArsenalFC
MP Caroli Omondi has revealed how Kenyans are allegedly being milked through the G-to-G oil deal.
According to him, the deal fixes oil import premiums at about $100 per tonne.
Yet globally, premiums are around $60.
In neighbouring countries like Uganda and Tanzania, they average about $80.
So the big question is:
Why are Kenyans paying some of the highest premiums in the region?
Before G-to-G, importers competed against each other. Competition kept prices lower.
Now a small circle of OMCs imports oil under a protected arrangement, and the extra $20-$40 per tonne is allegedly being passed directly to Kenyans.
That difference may sound small.
But multiplied across millions of litres of fuel, it translates into billions extracted from citizens through:
• expensive fuel
• higher matatu fares
This is why global oil prices fall, but life in Kenya never gets cheaper.
G-to-G was sold as a solution.
For many Kenyans, it is beginning to look like one of the biggest scams in the fuel sector.
INSTEAD OF WATCHING AN HOUR OF NETFLIX.
This 60-minute MIT lecture will teach you more about building companies than every startup book you've read combined.
Bookmark it and give it an hour, no matter what.
@CFC_Janty@_CrazyNairobian As a proper Man Utd hate watcher, this is the football equivalent of watching your two exes fight in public while you sip a pint and laugh.
This 2 hour Stanford lecture will teach you more about how LLMs like ChatGPT & Claude are built than most people working at top AI companies learn in their entire careers.
Bookmark this & give 2 hours today, no matter what. It'll be the most productive thing you do this week.
Instead of watching an hour of Netflix, watch this 1 hour Yale lecture. It will teach you more about options trading and the exact models hedge funds use than most people learn in their entire careers on Wall Street.