COMESA warns firms against price hikes amid Middle East crisis
CCCC Chief Executive Officer Willard Mwemba said the conflict is already triggering ripple effects, including crude oil price shocks and rising logistics costs that could drive inflation across the region. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The COMESA Competition and Consumer Commission (CCCC) is warning businesses across its member states against exploiting the Middle East crisis for price gouging and engaging in anti-competitive practices.
- The commission is particularly concerned about potential hikes in fertilizer and food prices due to oil price shocks and rising logistics costs.
- The warning comes from CCCC Chief Executive Officer Willard Mwemba.
- The CCCC stated it will "unapologetically enforce competition and consumer laws" and urged the public to report suspected violations.
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Kenya Airways says Iran war has led to demand hike for its flights - March 2026
Kenya Airways has reported a significant surge in flight demand, attributing the increase to the ongoing conflicts in the Middle East, particularly the US-Israeli war on Iran. This comes as Asian stock markets experienced a significant downturn as tensions between the United States and Iran threatened to escalate, with the conflict entering its fourth week. Global oil prices simultaneously plummeted and stock markets rallied after US President Donald Trump announced progress in talks aimed at halting the conflict in the Middle East. At the same time, COMESA warned businesses across its member states against exploiting the Middle East crisis for price gouging and engaging in anti-competitive practices.
