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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NIGERIA, TÜRKİYE SIGN MOU TO DEEPEN COOPERATION IN SOLID MINERALS DEVELOPMENT. (PHOTOS).

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 NIGERIA, TÜRKİYE SIGN MOU TO DEEPEN COOPERATION IN SOLID MINERALS DEVELOPMENT


Nigeria and the Republic of Türkiye have signed a Memorandum of Understanding to strengthen bilateral cooperation in the solid minerals sector, marking a significant step towards deepening economic collaboration between both countries.


The agreement was signed on the sidelines of the Istanbul Natural Resources Summit in Istanbul, Türkiye.


Nigeria’s Minister of Solid Minerals Development, Dele Alake says Nigeria is ready to leverage Türkiye’s technological advancement and expertise in mining exploration, training, digitisation, licensing systems, and capacity building to accelerate reforms and growth within the sector.


Dele Alake who also serves as Chairman of the Africa Minerals Strategy Group, notes that reforms introduced in Nigeria’s solid minerals sector over the past three years have transformed the operating environment and made the sector more attractive to genuine investors.


Türkiye’s Minister of Energy and Natural Resources, Alparslan Bayraktar describes the new partnership with Nigeria as strategic and timely, noting that global energy security now demands stronger international cooperation and connectivity.


Bayraktar commends the Nigerian government for the reforms and initiatives already introduced in the solid minerals sector, stressing that Turkish companies are eager to invest in Nigeria.

One more photo below. 


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