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Kenya Pipeline Shares Begin Trading at Nairobi Securities Exchange
Shares of Kenya Pipeline Company (KPC) commenced trading on the Nairobi Securities Exchange on Tuesday, March 10, following a bell-ringing ceremony led by President William Ruto. The official listing marks a significant milestone for the state-owned enterprise and the Kenyan capital markets. Cabinet Secretary Mbadi delivered a speech during the ceremony, with President Ruto presiding over the official listing. This financial event represents a major step in Kenya's state-owned enterprise privatization program.
Oil Prices Volatile After Trump Iran Warning, Strait of Hormuz Threat
Oil prices experienced historic volatility, surging to $115 a barrel before a potential release of emergency stockpiles and comments from US President Donald Trump offered some relief, though prices remain elevated. Saudi Aramco CEO Amin Nasser warned that regional military escalation is causing significant shipping and insurance disruptions, impacting global oil markets. G7 nations pledged to take necessary measures to support global energy supplies amidst soaring oil prices triggered by the US-Israel conflict with Iran, though no immediate agreement to release strategic reserves was reached.
KRA Deploys Body Cameras at Border Points, JKIA
The Kenya Revenue Authority has deployed 350 body-worn cameras at border points nationwide to enhance transparency and accountability in customs operations. Separately, KRA has also deployed body cameras for its officers at Jomo Kenyatta International Airport to boost transparency and passenger clearance. These measures represent a significant push toward operational transparency in Kenya's revenue collection infrastructure.
