Rising fuel prices, higher taxes to push up Kenya, Uganda inflation
A petrol station attendant at a pump. Kenya and Uganda face a higher cost of living in the second half of this year, driven by a surge in fuel prices, increased taxation and weakened local currencies. PHOTO | JOSEPH KANYI | NMG
Kenya and Uganda face a higher cost of living in the second half of this year, driven by a surge in fuel prices, increased taxation and weakened local currencies.
Reports by their respective central banks have said that this will translate to higher import bills.
