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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SOUTH KOREA TO HOST AFRICAN MINISTERS FOR AI SUMMIT. (PHOTO).

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 South Korea to host African ministers for AI summit

South Korea will host African ministers in September for talks on expanding artificial intelligence and digital infrastructure across the continent, where widespread AI adoption could generate up to $1 trillion in additional economic output by 2035, Seoul's Finance Ministry said in a statement, AA reported.

The four-day conference, beginning September 8 in Seoul, will focus on combining South Korea's technology capabilities with Africa's growing demand for digital infrastructure and innovation.

Finance ministers from all 54 African countries have been invited, along with information and communications technology ministers from key countries, African Development Bank officials and representatives of international organizations and private companies.

Participants are expected to discuss expanding AI and digital infrastructure and deploying South Korean AI technology in healthcare, agriculture and education through what organizers described as a "K-AI package."

The event, e, co-hosted by the African Development Bank and the Export-Import Bank of Korea, will also include a business innovation forum, seminars, one-on-one business meetings, exhibitions and investment presentations aimed at connecting African governments with South Korean companies.

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