Kenya government officials on Monday said the government would pay subsidy arrears to petrol retailers this week as it seeks to allay fears of potential fuel shortages and forestall crisis. Kenya was reeling from a surge in crude oil prices since 2021 which have forced it to start subsiding retail prices like other frontier economies. The government of East Africas biggest economy rolled out a fuel subsidy in April 2021 to cushion consumers from the surge in the price of oil in international markets. It has so far spent 36…
Read MoreKenya to pay subsidy arrears amid tackling fuel shortages
