Kenyan households may soon face rising living costs if global oil prices stay high, as the World Bank warns of potential energy disruptions pushing commodity prices up in 2026.According to the latest Global Economic Prospects report, oil prices could reach Ksh12,000 per barrel in 2026 due to geopolitical tensions and
Tag: Kenya economy news
Fuel Prices Surge Above Sh200 as EPRA Posts April–May 2026 Hike
The Energy and Petroleum Regulatory Authority (EPRA) announced on Tuesday that fuel prices for the April–May cycle will see significant increases nationwide, driven by rising global oil costs.In a statement, EPRA confirmed, “We have calculated the maximum retail prices of petroleum products, effective from April 15, 2026, to May 14,
CBK Cuts Key Interest Rate to 9%
The Central Bank of Kenya (CBK) has reduced its key interest rate, the Central Bank Rate (CBR), by 0.25 percentage points, setting it at 9.00 percent, down from 9.25 percent. This adjustment signals ongoing confidence in Kenya's economic stability, supported by a firm national currency and positive projections for