Wednesday, July 15

Countries

Record-high oil prices in Kenya

For many Kenyans, life was unbearable during former President Uhuru Kenyatta’s reign. But just one year after President William Ruto came to power, life is getting more onerous. High taxation, the depreciation of the shilling against the dollar, and record-high fuel prices have highlighted the last few months. This has painted a grim picture of Kenya’s future and shattered citizens’ hopes for economic reinvigoration.
On September 14, 2023, the Energy and Petroleum Regulatory Authority (EPRA) announced record-high fuel prices for the September-October regulation cycle. A litre of super will now retail at Kes 211.64, diesel at Kes 200.90, and Kerosene at Kes 202.61. This represents an increase of Kes 16.96, 21.32, and 33.13, respectively, in the new prices announced last midnight.

Libya's flood disaster

The eastern Libyan city of Derna has gone into mourning after catastrophic flooding that left about 10,000 people missing. Rescue teams have embarked on recovery efforts for the remains of loved ones as the scale of the disaster unfolds. Media reports say authorities estimate that close to 2,000 people have lost their lives in the Derna area alone.

The Libyan Government of National Unity (GNU) has issued a heartbreaking report stating that the entire road and bridge network in Derna has collapsed. This now calls for an estimated $67 million for reconstruction.

Morocco Earthquake

In a devastating turn of events, Morocco was struck by a rare and powerful earthquake late Friday night. The catastrophe claimed the lives of over 800 people and caused extensive damage across the region. The earthquake, with a magnitude of 6.8, is the strongest to hit Morocco in 120 years.

The impact of the quake reached from remote mountain villages in the Atlas Mountains to the historic city of Marrakech. However, the full extent of the tragedy remains unknown. Consequently, rescuers face treacherous boulder-strewn roads to reach the hardest-hit mountain communities.

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