CS Kagwe Breaks Down How Kenya Lost Over Ksh300 Million to Middle East Conflict - March 2026

Kenya is experiencing a significant economic setback, losing an estimated Ksh300 million weekly due to the current conflict in the Middle East disrupting its key export markets. The United States and 32 member nations of the International Energy Agency (IEA) will jointly release 400 million barrels of oil reserves to stabilize global markets and prevent a potential fuel crisis, with Kenya among the countries set for fuel relief. The G7 nations, in coordination with the International Energy Agency (IEA), plan a record release of emergency oil reserves to combat surging prices driven by the US-Israel war.