Kenya consults its National Treasury regarding tax relief amid Middle East tensions affecting global oil prices.
10 reports, 4 independent
Updated Sep 9
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What happened
Kenya consults its National Treasury regarding tax relief amid Middle East tensions affecting global oil prices.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Business agreement signed in Kenya amidst Middle East tensions and rising global oil prices.1 source
Treasury adjusts growth forecast and sets KRA tax collection targets due to Middle East conflict.1 source
Kenya seeks tax relief consultation as Middle East tensions impact global oil prices.1 source
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The entities involved
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Kenya
country in Eastern Africa
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- Geopolitical tensions in the Middle East are disrupting oil supply, coinciding with the release of South African consumer inflation data.
- Amid the ongoing conflict and blockade of the Strait of Hormuz, the government is considering cuts to the home-heating oil carbon tax to ease financial pressure on energy consumers.
- Due to geopolitical tensions involving US-Israeli strikes on Iran, the Strait of Hormuz is disrupted, leading to fuel price hikes and supply chain issues affecting Africa, including Kenya and Ethiopia.
- National Treasury manages Kenya's borrowing plan.
- Due to the ongoing Middle East conflict, Egypt and the Philippines are facing major economic shocks caused by disruptions to global oil imports.