oil prices

3 Articles
Outside Central Bank of Kenya (CBK) headquarters in Nairobi.
BUSINESS

CBK Raises Concern as Middle East War Fuels Surge in Global Oil Prices

The Central Bank of Kenya (CBK) has warned that rising global oil prices, driven by escalating conflict in the Middle East, are increasing...

Oil and gas majors and traders have suspended shipments via Hormuz
BUSINESS

Explainer: Strait of Hormuz Attack and Its Impact on Global Markets

Tensions between Iran, the United States, and Israel have entered a dangerous phase. Military exchanges and direct threats have shifted the crisis from...

FEATURED STORY

Rising global oil prices to increase inflation

CBK Governor Patrick Njoroge, however, noted that the domestic foreign exchange market which remains stable is supported by a narrowing in the current...