Business & Economy3 stories from 1 sources
The Kenyan government has launched a new initiative to boost local production of sunflower and soybean oil, aiming to significantly reduce the country's substantial import bill. President William Ruto oversaw the disbursement of a Sh250 million credit facility from the Kenya Development Corporation to Trans Elite County SACCO to expand credit access for over 10,000 micro, small, and medium enterprises in the North Rift region. Meanwhile, the International Energy Agency reports the global oil market is experiencing its largest supply disruption in history due to the escalating Middle East conflict, creating both challenges and opportunities for local production initiatives.