(NAIROBI, KENYA) – Record high crude oil tanker freight rates are building fresh pressure on fuel prices at the pump and household energy bills in Kenya as the fallout from the Middle East crisis widens. The cost of hiring oil tankers, known as maritime freight and charter rates, is aContinue Reading
(NAIROBI, KENYA) – Kenya received more diaspora cash from Tanzania than from Saudi Arabia in August for the first time, as new foreign worker rules in the Gulf kingdom cut earnings and transfers from one of Kenya’s biggest remittance markets. Cash sent home from Tanzania reached a record $11.72 millionContinue Reading
(NAIROBI, KENYA) – Kenya faces fresh pressure on fuel prices, transport costs and industrial supplies after shipping traffic through the Strait of Hormuz fell to single digits, raising fears of deeper disruption to imports from the Gulf. Preliminary ship tracking data by Reuters showed on Friday that only seven vesselsContinue Reading
(NAIROBI, KENYA) – Global Brent crude prices have crossed the $100 (KES 12,941) mark for the first time since July 2026, pointing to higher pump prices in Kenya for the new monthly pricing cycle from 15th October. Market data shows that oil prices rose around 1% on Thursday, extending gainsContinue Reading
(NAIROBI, KENYA) – Kenya and Türkiye have agreed to deepen their partnership with a focus on trade, investment, transport links, security and health. The decision came during talks in Nairobi between Kenya’s Prime Cabinet Secretary and Foreign Affairs Cabinet Secretary, Musalia Mudavadi, and a Turkish parliamentary delegation. The discussions aimedContinue Reading
(NAIROBI, KENYA) – A Kenyan court has ordered the revenue authority to deliver a final ruling within 60 days on a tax dispute involving Geo Chem Middle East, a Dubai based firm contesting a KES 1 billion demand. The Court of Appeal issued the directive after dismissing Geo Chem’s latestContinue Reading
(NEW YORK, USA) – Oil prices rose slightly on Friday, 14 August, after the United States threatened an indefinite naval blockade of Iran. The move revived concerns about crude oil supplies. Brent crude futures gained 1 cent, or 0.1 percent, to 87.08 US dollars per barrel. West Texas Intermediate crudeContinue Reading
(LONDON, UK) – Oil prices rose slightly on Wednesday, 12 August, amid doubts over a peace deal between the United States and Iran and attacks on two vessels. The developments strengthened concerns about supply disruptions in the Middle East, even as US crude oil inventories increased. Brent crude futures roseContinue Reading
(LONDON, UK) – Oil prices rose on Wednesday, 12 August, as doubts grew over a peace agreement between the United States and Iran. Attacks on two vessels added to fears of supply disruption in the Middle East, even as crude oil stocks in the US increased. Brent crude futures gainedContinue Reading
(LONDON, UK) – Global oil prices steadied near a more than one week high on Tuesday as hopes faded for a swift agreement between the United States and Iran to end hostilities and reopen the Strait of Hormuz to full commercial shipping. At current rates, Brent crude at 87.62 dollarsContinue Reading
