Kenya’s record fuel hike is the trigger consumers needed to inflame muted anger as Middle East crisis bites – analysts
On Tuesday, the country’s energy regulator raised the prices of super petrol and diesel by record margins of Ksh28.69 (about $0.22) per litre and Ksh40.3 per litre, respectively. The effects were immediate. In the public transport sector, operators, commonly known as matatus, raised fares by about 25 percent overnight.
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...
Sticking points for US-Iran talks: ‘Chances of renewed tensions outweigh prospects for a real diplomatic breakthrough’
US President Donald Trump on Thursday threatened Iran to stop the tolling. A day earlier, he told ABC News that he is considering a “joint venture” with Iran to charge fees for crossing the Strait, and wrote on social media that “big money” could be made by the United States “helping with the traffic build-up in the Strait of Hormuz.”
US President Trump’s war escalation warning pushes Asian stocks down aand oil prices sharply higher
rump again urged US allies to “build up some delayed courage” and take the lead in reopening the Strait of Hormuz, suggesting Washington may end the US-Israeli war with Iran without reopening the crucial global energy waterway, whose prolonged closure has fuelled a global energy shock and sent oil and gas prices sharply higher.
Japan’s Samurai loans Kenya’s $169 million to boost vehicle assembly industries, energy production
Speaking on the sidelines at TICAD on Thursday, Raphael Otieno, Kenya’s director-general of debt management in the ministry of finance, said Nairobi’s debt strategy is shifting focus from short-term refinancing risks to addressing high borrowing costs.
Kenya’s trade minister holds talks with US counterpart in Washington to address volatile business outlook
Citi Bank, NASDAQ, Cigna Healthcare, Siemens Healthcare, Vantive, American Tower Corporation, Tidal Basin Advisors, BowerGroup Asia and the Burns Brothers were among the companies represented at the session, where discussions explored opportunities in healthcare, digital trade, renewable energy-powered data centres, and infrastructure.
Ratings agency Moody’s warns Kenya’s debt costs are sky-high as government leans of domestic money market
Kenya will hold another round of talks with IMF officials in September in a bid to clinch the programme, the central bank chief Kamau Thugge said last month.
World financial markets jittery as investors are jolted by US job cut reports as recession looms
A report on Friday showing hiring by US employers slowed last month by much more than expected followed weak reports on manufacturing and construction and stoked fears the US economy was finally bending under the pressure of high interest rates. Investors worldwide sold stocks and moved to the safety of bonds, pushing bond yields sharply lower.
