ALL AGRI #Oil Supply

KENYA – In a bold move to reduce Kenya’s staggering KSh 160 billion (US$1.25B) annual edible oil import bill, the Agriculture and Food Authority (AFA) has intensified efforts to promote the cultivation of oil-rich crops across the country.

Africa Oil Corp’s recent earnings call presented a balanced perspective on the company’s performance. While the company is demonstrating strong financial discipline with substantial dividend distributions and successful debt reduction, challenges persist with slightly softer production volumes and revised financial guidance due to lower oil prices.