How Kenya can escape from the grip of global oil supply disruptions
Nairobi, April 30 -- Following the US war in Iran, diesel and petrol prices in Kenya rose to the Sh200 mark for the first time in nearly three years.
The closure of the Strait of Hormuz and uncertainty over ships' passage through this critical waterway expose Kenya's vulnerability to external shocks. Long queues at petrol stations and soaring prices are evidence of this.
The situation is a refrain in Kenya, which experienced similar disruption during the Covid pandemic and at points during the ongoing Russian war in Ukraine.
This is yet again a loud signal for Kenya to end its reliance on fossil fuels.
Kenya is almost entirely dependent on imported petroleum products. With each international crisis, global price shocks pummel the econ...
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