Ugandans, Tanzanians to Flock to Kenya for Fuel Amid Fears of Price Hikes, CS Says
Nations globally are being affected by the conflict in the Middle East asymmetrically, with the low-income nations being the hardest hit, Uganda and Tanzania being no exception...
✨ Key Highlights
Kenya's Cabinet Secretary for Investments, Trade and Industry, Lee Kinyanjui, has stated that Uganda and Tanzania may soon rely on Kenya for fuel due to worsening energy crises in their countries.
- Kenya expects Ugandans and Tanzanians to buy fuel domestically.
- The assurance of fuel security in Kenya is attributed to a government-to-government oil deal with Saudi Arabia.
- Neighboring countries like Tanzania (prices up 30%) and Uganda are experiencing significant fuel shortages and price hikes.
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Kenyan Shilling Weakens Against U.S Dollar After 20-Month Winning Streak - April 2026
The Kenyan Shilling has weakened against the U.S. Dollar for the first time in 20 months on Wednesday, April 1, reaching Ksh130.0200 against the dollar. Kenya's Cabinet Secretary for Investments, Trade and Industry, Lee Kinyanjui, has stated that Uganda and Tanzania may soon rely on Kenya for fuel due to worsening energy crises in their countries. Meanwhile, global financial institutions are joining forces to combat the escalating fuel crisis stemming from the Middle East conflict, with the IMF and World Bank offering support amid fuel shortages in Kenya.
