Commodities
-
Uganda rules out fuel subsidy as pump price jumps 19%
Uganda won’t introduce fuel subsidies, said interim director at Finance Ministry Moses Kaggwa, even after pump prices spiked following supply…
Read More » -
Oil prices surge on supply fears as EU mulls embargo on Russian oil
Oil prices extended gains on Thursday on supply concerns as the European Union (EU) proposal laid out plans for new…
Read More » -
Kenya brokers final deal with oil marketers to end fuel shortage
The Oil Marketing Companies (OMCs) have appeared less hawkish over fuel supply in Kenya following the government’s announcement that it…
Read More » -
Kenya to import oil directly from UAE to end fuel shortage
Kenya will start importing oil directly from the United Arab Emirates (UAE) to do away with the fuel shortage crisis.…
Read More » -
Italy to drop gas dependence on Russia with Africa as substitute
Italian ministers are in central Africa in an urgent quest for new energy deals as Italy scrambles to break away…
Read More » -
Oil price up 1.3% to over Ksh.13,000 a barrel amid Libya outages
Oil prices rose on Monday as reports of outages in Libya intensified concerns about oversupply risks. The West Texas Intermediate…
Read More » -
Petrol price up 7% to Ksh.144, highest record in history
Fuel prices in Kenya have skyrocketed to an all-time high of seven percent, piling pressure on ordinary citizens amidst the…
Read More » -
KEBS puts Italian candy maker on notice over safety concerns
Kenya Bureau of Standard (KEBS) has put Italian Candy Maker Ferrero which makes Kinder Joy chocolate on notice citing safety…
Read More » -
Tullow Oil Kenya staring at a further Ksh.30 billion loss over license delay
The value of Tullow Oil’s Kenya assets could plummet by close to Ksh.30 billion if the Government fails to grant…
Read More » -
Uhuru unlocks Ksh.34 billion to oil marketers to release fuel
President Uhuru Kenyatta signed key Parliamentary Bills into law Monday, April 4 to deal with the financing crisis that has…
Read More »
