Africa sees winners and losers as Iran war pushes up oil prices

Al Jazeera English ·

Africa sees winners and losers as Iran war pushes up oil prices

Eric Wainaina, a motorcycle taxi driver in Nairobi, Kenya, was already bracing for a loss in income when the rainy season hit in March, but the war on Iran, which erupted on 28 February, has also …

Eric Wainaina, a motorcycle taxi driver in Nairobi, Kenya, was already bracing for a loss in income when the rainy season hit in March, but the war on Iran, which erupted on 28 February, has also taken its toll. Kenya is the latest in a series of African nations to experience the economic fallout caused by the United States and Israel’s assault on Iran, with rising energy prices leading to spiralling costs for businesses, small and large, across the continent. …

Original source: Al Jazeera English

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World Bank · al jazeera · Democratic Republic · International Energy Agency