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Fuel Crisis Looms as Iran War Disrupts Global Supply Chains

A looming fuel shortage threatens Kenya and Uganda by the end of March due to global ramifications from the Iran war. Kenyan exporters of perishable goods are facing significant financial losses due to shipping route disruptions caused by the conflict between the US and Iran, with extended transit times leading to quality degradation and mounting expenses for key agricultural and meat products. At the same time, US inflation remained stable at 2.4% in February, a figure recorded before the impact of the US and Israel war in Iran on energy prices.

Fuel crisis looms amid Iran war

Fuel crisis looms amid Iran war

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Nation Business•11h ago
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Perishable goods exporters count losses on Iran conflict

Perishable goods exporters count losses on Iran conflict

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Nation Business•13h ago
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US inflation stable ahead of Iran shock

US inflation stable ahead of Iran shock

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Capital Business•13h ago
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Portland Cement raises Blue Triangle price amid rising input costs
New
business19m ago

Portland Cement raises Blue Triangle price amid rising input costs

East African Portland Cement Company (EAPCC) has increased the price of its Blue Triangle cement by Sh10 per 50kg bag. The price adjustment, effective March 11, is attributed to rising raw material costs.

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Capital Business
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Oil price jumps despite deal to release record amount of reserves
New
business15m ago

Oil price jumps despite deal to release record amount of reserves

Oil prices surged despite a record release of emergency reserves by International Energy Agency (IEA) member countries aimed at stabilizing the market following concerns linked to the Iran war.

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Capital Business
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Kenya’s public debt shoots to Sh12.29trn
business13h ago

Kenya’s public debt shoots to Sh12.29trn

Kenya's public debt has surged to Sh12.29 trillion by December 31, 2025, marking a significant increase partly attributed to financing budget deficits and accumulated interest.

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Nation Business
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Fuel crisis looms amid Iran war
business11h ago

Fuel crisis looms amid Iran war

A looming fuel shortage threatens Kenya and Uganda by the end of March due to global ramifications from the Iran war.

N
Nation Business
📰 Read Full Story
Perishable goods exporters count losses on Iran conflict
business13h ago

Perishable goods exporters count losses on Iran conflict

Kenyan exporters of perishable goods are facing significant financial losses due to shipping route disruptions caused by the conflict between the US and Iran. Extended transit times are leading to quality degradation and mounting expenses for key agricultural and meat products.

N
Nation Business
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SBM Bank Kenya returns to profit after Sh614m turnaround
business9h ago

SBM Bank Kenya returns to profit after Sh614m turnaround

SBM Bank Kenya has announced a significant financial turnaround, returning to profitability after a challenging year. The bank posted a profit before tax of Sh614 million for the year ending December 31, 2025, a remarkable shift from a Sh1.6 billion loss in 2024.

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Capital Business
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KCB Group net profit up 11pc to Sh68.4bn
business13h ago

KCB Group net profit up 11pc to Sh68.4bn

KCB Group has announced an 11 percent increase in net profit, reaching Sh68.4 billion for the year ending December 31, 2025. This growth was driven by a significant rise in lending and overall revenues.

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Capital Business
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US inflation stable ahead of Iran shock
business13h ago

US inflation stable ahead of Iran shock

US inflation remained stable at 2.4% in February, a figure recorded before the impact of the US and Israel war in Iran on energy prices.

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Capital Business
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Kenya’s public debt climbs to Sh12.29trn
business13h ago

Kenya’s public debt climbs to Sh12.29trn

Kenya's public debt has surged to Sh12.29 trillion as of December 31, 2025, marking a 4% increase from the previous six months, according to a report by the Controller of Budget.

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Nation Business
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Stanbic raises dividend by 7.3pc to Sh22.35
business19h ago

Stanbic raises dividend by 7.3pc to Sh22.35

Stanbic Holdings announced a 7.3 percent increase in its dividend payout to Sh22.35 per share. This comes after the bank reported a net profit of Sh13.7 billion for the year ended December 31, 2025.

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Jeffrey Epstein had two key aides – why do they still control his money and secrets?
business19h ago

Jeffrey Epstein had two key aides – why do they still control his money and secrets?

Two key aides of Jeffrey Epstein, his accountant Richard Kahn and lawyer Darren Indyke, are facing scrutiny from the US House Oversight Committee regarding their roles in managing Epstein's vast wealth and alleged criminal enterprise. They are the sole executors of Epstein's estate and are scheduled to testify before the committee.

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Koskei warns schools over inflated enrolment, misuse of education funds
business18h ago

Koskei warns schools over inflated enrolment, misuse of education funds

Head of Public Service Felix Koskei has issued a stern warning to school administrators against inflating student enrollment figures and misusing education funds, citing audit discrepancies and a lack of accountability.

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Capital Business
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IRA places KUSCCO Mutual Assurance under statutory management
business17h ago

IRA places KUSCCO Mutual Assurance under statutory management

The Insurance Regulatory Authority (IRA) has placed KUSCCO Mutual Assurance Limited under statutory management, effective March 10, 2026, citing risks to policyholders and the public.

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Capital Business
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G7 welcomes potential record release of oil reserves in bid to curb soaring prices
business17h ago

G7 welcomes potential record release of oil reserves in bid to curb soaring prices

The G7 nations are set to support a potential record release of oil from reserves, coordinated with the International Energy Agency (IEA), in an effort to combat soaring oil prices exacerbated by regional conflict.

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Meta urged to boost oversight of fake AI videos
business1d ago

Meta urged to boost oversight of fake AI videos

Meta's advisory board has urged the social media giant to enhance its oversight of fake artificial intelligence (AI)-generated videos, citing concerns over the "proliferation" of such content.

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Mwalimu Sacco writes off Sh960mn tied to failed Spire Bank investment
business22h ago

Mwalimu Sacco writes off Sh960mn tied to failed Spire Bank investment

Mwalimu National Deposit-Taking Sacco has written off Sh960 million tied to its failed investment in Spire Bank, despite reporting a significant profit increase for the year ended December 2025.

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Capital Business
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Iran war cost will be passed to consumers, shipping giant boss tells BBC
business22h ago

Iran war cost will be passed to consumers, shipping giant boss tells BBC

The cost of goods will increase for consumers as shipping companies pass on higher expenses due to the conflict in Iran, according to the CEO of Maersk.

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Capital Business
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NMG shares jump 28.3pc after Rostam Azizi buyout
business21h ago

NMG shares jump 28.3pc after Rostam Azizi buyout

Shares of Nation Media Group (NMG) experienced a significant surge of 28.3 percent, reaching Sh17, following the acquisition of a majority stake by Tanzanian businessman Rostam Azizi.

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Capital Business
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Facebook-owner buys ‘social media network for AI’ Moltbook
business20h ago

Facebook-owner buys ‘social media network for AI’ Moltbook

Meta, the parent company of Facebook and Instagram, has acquired Moltbook, a social media networking platform designed for artificial intelligence (AI) bots to interact with each other.

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Capital Business
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MPs revise Safaricom divestiture deal, shields employees
business1d ago

MPs revise Safaricom divestiture deal, shields employees

Members of Parliament have revised the government's plan to sell a portion of its stake in Safaricom PLC, introducing enhanced protections for employees and business partners in the multibillion-shilling transaction.

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Capital Business
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KQ Chair Kiprono Kittony resigns from NSE Board
business1d ago

KQ Chair Kiprono Kittony resigns from NSE Board

Kenya Airways (KQ) Board Chairman Kiprono Kittony has resigned from the board of the Nairobi Securities Exchange (NSE).

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Cost of Treasury loans from CBK falls 55pc on lower rates
business1d ago

Cost of Treasury loans from CBK falls 55pc on lower rates

The National Treasury's cost of emergency borrowing from the Central Bank of Kenya (CBK) fell by 55% in the six months ending December 2025. This significant drop reflects early impacts of implemented reforms and eased interest rates.

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Nation Business
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Dusit Princess Hotel Residences Nairobi eyes muslims with Iftar buffet
business1d ago

Dusit Princess Hotel Residences Nairobi eyes muslims with Iftar buffet

The Dusit Princess Hotel Residences Nairobi is offering a special Iftar buffet to observe the holy month of Ramadan, targeting the Muslim community and corporate guests.

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MPs greenlight Sh4.7tn spending for 2026/27
business1d ago

MPs greenlight Sh4.7tn spending for 2026/27

Kenyan Members of Parliament (MPs) have approved the 2026/2027 Budget Policy Statement (BPS), a framework allowing for a total government spending of Sh4.7 trillion. This sets spending priorities and directs fiscal allocations for the upcoming financial year.

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Capital Business
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Tanzanian tycoon acquires majority stake in Nation Media Group
business1d ago

Tanzanian tycoon acquires majority stake in Nation Media Group

Tanzanian businessman Rostam Azizi has acquired a majority stake in Nation Media Group (NMG), a leading East African media conglomerate, following the exit of the Aga Khan Fund for Economic Development (AKFED) after a 66-year investment.

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Volkswagen to cut 50,000 jobs as profits drop
business1d ago

Volkswagen to cut 50,000 jobs as profits drop

Volkswagen has announced plans to cut 50,000 jobs in Germany by 2030 as its profits have dropped to their lowest point since 2016.

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Capital Business
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Saudi Arabia’s Aramco says to maintain customer service as regional escalation causes shipping disruptions
business1d ago

Saudi Arabia’s Aramco says to maintain customer service as regional escalation causes shipping disruptions

Saudi Aramco CEO Amin Nasser has warned that regional military escalation is causing significant shipping and insurance disruptions, impacting global oil markets and the economy. The company is working to maintain customer service despite these challenges.

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Court clears auction of Tuju properties in Sh4.5bn loan dispute
business1d ago

Court clears auction of Tuju properties in Sh4.5bn loan dispute

The High Court of Kenya has authorized the auction of properties belonging to former Cabinet Secretary Raphael Tuju, dismissing a case that sought to halt the sale in a Sh4.5 billion loan dispute.

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Lobby seeks clarity on NTSA instant fines framework
business1d ago

Lobby seeks clarity on NTSA instant fines framework

The Motorists Association of Kenya (MAK) is seeking urgent clarification from the National Transport and Safety Authority (NTSA) regarding the legal and procedural aspects of its newly implemented instant traffic fines system.

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Tokyo stocks rebound as crude oil prices dip
business1d ago

Tokyo stocks rebound as crude oil prices dip

Tokyo stocks saw a rebound on Tuesday, recovering some losses after a significant drop the previous day. This recovery was primarily driven by a retreat in crude oil prices.

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Capital Business
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