KENYA HIKES FUEL PRICES BY 6% FOLLOWING LINGERING MIDDLE EAST TENSIONS. (PHOTO).

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 Kenya hikes fuel prices by 6% following lingering Middle East tensions Kenya raised the maximum retail prices of petrol and diesel on Wednesday, the energy regulator said, citing higher import costs linked to the conflict in the Middle East. The east African nation hiked petrol prices by 6% and diesel prices by 4.5% as it relies on the Middle East region for nearly all of its fuel supplies. A litre of diesel will cost 227.76 Kenyan shillings ($1.76) in the capital city of Nairobi, from 217.86 shillings, while kerosene will rise to 219.87 shillings from 191.38 shillings between October 15 and November 14, when new prices will be announced, TRT Afrika reported. The energy regulator said the government extended a reduction in value-added tax on fuel to 8% from 16% until January 14. Fuel prices affect multiple sectors including transport, agriculture and construction.
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EGYPT APPROVES CABINET RESHUFFLE, STATE MEDIA SAY. (PHOTO).

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 Egypt approves cabinet reshuffle, state media say


Egypt's House of Representatives, the lower house of parliament, approved a relatively limited cabinet reshuffle on Tuesday, state media reported.


Mohamed Farid Saleh, who previously served as the executive chairman of the country's Financial Regulatory Authority, was appointed minister of investment and foreign trade.


Ahmed Rostom was named minister of planning. He was a senior financial sector specialist at the World Bank.


The head of Egypt's State Information Service (SIS), Diaa Rashwan, will lead a revived Ministry of Information. The ministry was dissolved several times in the wake of the 2011 uprising that ousted former President Hosni Mubarak, and in recent years its role has been replaced by media regulatory bodies.


Meanwhile, the ministers of finance, foreign affairs, petroleum, supply, defense and interior kept their posts.

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