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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