Gasoline crisis bites as Kenya’s energy minister assures country ‘there is enough fuel’ in dry pumps
Kenya’s Energy Cabinet Secretary Opiyo Wandayi has assured the country that the government is taking every necessary step to ensure the ongoing conflict in the Middle East does not negatively affect fuel supply or energy stability in the country. Mr Wandayi gave the assurance on Wednesday when he appeared before...
Chinese President Jinping joins push for Middle East peace and stability with four-point proposal
It is imperative to promote the building of a common, comprehensive, cooperative and sustainable security architecture for the Middle East and the Gulf region, he noted.
Tanzanian government weighs possibility raising prices as Middle East crisis persists
Tanzanian Prime Minister Mwigulu Nchemba said on Sunday that the government is undertaking a comprehensive assessment of rising fuel prices, emphasising a cautious approach to avoid hasty decisions that could worsen the situation. Speaking to residents in the Chamwino District of the Dodoma Region, Nchemba said the ongoing evaluation is...
Middle East war puts pressure on foreign exchange reserves in Africa as inflation risks soar
The impact of rising energy prices is increasingly evident at the macroeconomic level. South African Reserve Bank Governor Lesetja Kganyago warned that if tensions in the Middle East persist, South Africa’s inflation rate could climb above 5 percent. Fuel shortages are also posing a growing challenge to the continent’s food security.
