Video Summary
In 2023, Kenya’s government signed a series of fuel supply agreements with Saudi Aramco and the national oil companies of Abu Dhabi and the Emirates. Through the arrangement, the trio supplies fuel to Kenya, with payments settled in US dollars within six months, easing pressure on the country’s exchange rate. CGTN spoke with the Group Finance Director of KCB Group about whether the bank is concerned about exposure given the ongoing tensions in Iran.. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY. Facebook: https://www.facebook.com/cgtnafrica/.
Video Details
Source: Global Business
Publication Date: 2026-03-13T08:02:42Z
Original Link: Watch the video on YouTube
Full Description
In 2023, Kenya’s government signed a series of fuel supply agreements with Saudi Aramco and the national oil companies of Abu Dhabi and the Emirates. Through the arrangement, the trio supplies fuel to Kenya, with payments settled in US dollars within six months, easing pressure on the country’s exchange rate. CGTN spoke with the Group Finance Director of KCB Group about whether the bank is concerned about exposure given the ongoing tensions in Iran.
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