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Originally published by The Standard BusinessApril 30, 2026
2d ago
World Bank tells Kenya to protect poorest and go green amid Middle East shock
World Bank warns that a 24% surge in global energy prices driven by Middle East tensions will deepen inflation and cost-of-living pressures in Kenya...
✨ Key Highlights
The World Bank has advised Kenya and other developing nations to safeguard their poorest citizens and embrace green energy solutions in response to a significant increase in energy prices.
- A 24 percent surge in energy prices, attributed to the conflict in the Middle East, is expected to cause a prolonged cost-of-living crisis.
- The advisory comes from the World Bank, urging governments to implement targeted support for vulnerable households.
- The recommendation also emphasizes the acceleration of a transition to renewable energy sources to mitigate future price shocks.
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