Stanbic East Africa CEO flags Middle east crisis as key risk for Kenyan trade

Video Summary

Joshua Oigara, CEO of Stanbic East Africa, says Kenya’s trade is exposed to the Middle East crisis, with 26 percent of fertilizer imports passing through the Strait of Hormuz. He notes that fuel supplies are secure for now, but rising shipping and insurance costs may soon hit consumers. Oigara also highlights Kenya’s dependence on tea exports, with major markets including Egypt, the UAE, India, and Iran, making geopolitical tensions a significant risk for the region’s economy.. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY. Facebook: https://www.facebook.com/cgtnafrica/.

Video Details

Source: Global Business

Publication Date: 2026-03-12T15:05:43Z

Original Link: Watch the video on YouTube

Full Description

Joshua Oigara, CEO of Stanbic East Africa, says Kenya’s trade is exposed to the Middle East crisis, with 26 percent of fertilizer imports passing through the Strait of Hormuz. He notes that fuel supplies are secure for now, but rising shipping and insurance costs may soon hit consumers. Oigara also highlights Kenya’s dependence on tea exports, with major markets including Egypt, the UAE, India, and Iran, making geopolitical tensions a significant risk for the region’s economy.

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