C
Originally published by Capital Business
📰 Read Full Article
business
April 20, 2026
2h ago

Manufacturers warn of price hikes as Hormuz crisis disrupts imports

Manufacturers warn of price hikes as Hormuz crisis disrupts imports

NAIROBI, Kenya, Apr 20 - Escalating tensions in the Middle East, particularly the Iran conflict, have triggered a severe disruption in global maritime Kenya breaking news | Kenya news today |..

✨ Key Highlights

Kenya's manufacturing sector faces significant disruptions and potential price hikes due to escalating Middle East tensions and the blockade of the Strait of Hormuz.

  • Over 78.6% of firms have been affected, with freight costs rising by more than 30%.
  • The Kenya Association of Manufacturers (KAM), represented by its CEO Tobias Olando, is warning of inevitable price increases for consumers.
  • Key imported raw materials like aluminum ingots, industrial chemicals, and plastics are severely impacted, with delivery timelines nearly doubling.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article
Advertisement
Advertisement