The pressure is increasing on the Trade Cabinet Secretary (CS) Lee Kinyanjui following revelations pointing to a scandal involving some senior government officials in relation to a fuel importation deal worth Ksh 4.8 billion, which is under investigation. After arrests of top executives from the energy sector due to the deal, the matter has moved
The Central Bank of Kenya (CBK) has identified the persistent global oil price pressures as a key factor affecting the economic environment in the country, while most economic indicators in the country remained steady in the week to April 2, 2026. In its latest bulletin, the regulator identified the high energy cost environment in the
A United Kingdom and France-led coalition of nearly 30 countries has stepped up efforts to reopen the Strait of Hormuz, raising hopes for African economies struggling with high fuel prices and inflation. The strategic waterway carries a large share of the world’s oil. However, recent disruptions have cut supply and pushed global energy prices higher.
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