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World Bank Warns Rising Oil Prices Could Push Up to 2.4 Million More Kenyans Into Poverty
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World Bank Warns Rising Oil Prices Could Push Up to 2.4 Million More Kenyans Into Poverty
The World Bank has warned that rising global oil prices caused by the conflict in the Middle East could push between one million and 2.4 million more Kenyans below the international poverty line this year, as higher fuel costs increase the cost of living and doing business. In its latest Kenya Economic Update, the lender said the increase in fuel prices is expected to drive up transport and food costs, reduce household purchasing power and raise…
·Nairobi, Kenya
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