East African finance ministers in Kenya, Uganda and Tanzania are set to deliver their fuel budgets for 2026/27 to their respective parliaments on Thursday, June 11, 2026. Several markets and investors are keen to gauge their plans to cushion their economies against potential oil price shocks stemming from the conflict in the Middle East. The
The Kenya Revenue Authority (KRA) has lost Ksh 9.1 billion in tax revenue between the period of April 2026 and May 2026 as a result of the adjustment in the Value Added Tax (VAT) on fuel from a percentage of 16 per cent to a percentage of 8 per cent. In a press release issued
East African countries are now feeling the heat from the global fuel crisis, as neighboring countries are hit by serious fuel shortages. The supply routes to the region are said to have been disrupted by the Middle East conflict, but the crisis will persist more than expected, warned Treasury Cabinet Secretary (CS) John Mbadi, who
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