Rubis Kenya sells Sh4.6bn fuel subsidy bond

A Rubis fuel station on Koinange Street in Nairobi on August 14, 2025.

Photo credit: Dennis Onsongo | Nation Media Group

Rubis sold €34.7 million (Sh5.2 billion) worth of Kenya government bonds in the six months ended June 2025 according to disclosures by its parent firm, helping the oil marketer unlock liquidity.

Most of the proceeds were for a bond that Rubis, like other oil marketers, swapped in exchange for billions of shillings in unpaid debt for the fuel subsidy scheme.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.