Three workers of power distributing company, UMEME have been arrested after being found in possession of assortments of electric wires and cables. The arrests follow intensified operations by the Directorate of Criminal Investigations against acts of sabotage, vandalism and theft of electric wires and cables, with successful raids at two locations in Namugongo and Katwe. […]
Category: Kenya
Sh450 million seized from Gichuru, Okemo to be repatriated to Kenya
Former Kenya Power boss Samuel Gichuru and f ormer Finance Minister Chris Okemo at a Nairobi law court in 2016. [File, Standard] A total of Sh450 million seized from former Kenya Power Managing Director Samuel Gichuru and former Finance Minister Chris Okemo will be repatriated to Kenya from the United Kingdom following the signing of […]
KPLC: How Conmen Are Creating Frequent Blackouts to Steal From Kenyans
Kenya Power staff working on electricity lines at Soysambu Conservancy on February 22, 2021 Kenya Power, formerly Kenya Power and Lighting Company (KPLC) , has cautioned Kenyans against conmen who are creating frequent blackouts to scam unsuspecting customers. In a statement dated Tuesday, April 5, the power distributor revealed that the swindlers often created a […]
Win for local suppliers as board stops Sh2 billion Kenya Power meter tender
A Kenya Power and Lighting Company employee inspects a meter box at the Kosovo area of Mathare slums. PHOTO | HEZRON NJOROGE | NMG Kenya Power has been stopped from proceeding with a Sh2 billion tender for the supply of electricity meters after local manufacturers protested a move to lock them out of the lucrative […]
IMF Reaches Staff Level Agreement on the Third Review of the Extended Fund Facility and Extended Credit Facility for Kenya
Download logo IMF staff and the Kenyan authorities have reached a staff-level agreement on economic policies to conclude the third reviews of the 38-month EFF/ECF financed program. Kenya would have access to about US$244 million in financing once the review is formally completed by the IMF Executive Board. The economic rebound is underway although global […]
Energy ministry goes mute on pledge to cut power bills
The Energy ministry has gone mute three weeks after the expiry of its second deadline for cutting electricity prices by a further 15 percent, having failed to complete negotiations with expensive power producers. Energy and Petroleum Cabinet Secretary Monica Juma said in January the cost of power would come down by March 31 to fulfil […]
Listing dry-spell at NSE persists, both local and foreign
•The low activities especially in the stocks market are not just in Kenya. •NSE chief executive Geoffrey Odundo urged some of companies that have been orienting with the bourse under Ibuka programme to take advantage of the incentives provided. NSE chief executive Geoffrey Odundo The ongoing volatility in the global market has further complicated the […]
Telkom, Airtel eye revenue jump from Safaricom mobile money
Telkom Kenya CEO, Mugo Kibati with his Airtel Kenya counterpart Prasanta Das Sarma when they appeared before the Senate ICT Committee. Telkom Kenya and Airtel Kenya are eying an increase in revenue after the country’s leading mobile network operators launched merchant interoperability on their mobile money wallets. The move allows customers from any mobile money […]
Top 500 Companies: Safaricom calling Ethiopia
A pedestrian walks on a sideway outside the Safaricom mobile phone customer care centre in the central business district of Nairobi, Kenya, November 10, 2021. REUTERS/Monicah Mwangi Few companies can claim success on the scale of Kenyan telecoms operator Safaricom (#56). Since it was founded, in 1997, it has grown to become East Africa’s second […]
Safaricom Ethiopia ‘close’ to network deal with Ethio Telecom
The incumbent operator, 100% state owned, says it has “conducted a productive meeting” (pictured) with Safaricom Ethiopia together with the regulator, the Ethiopian Communications Authority (ECA). Last night Ethio Telecom said it has “successfully concluded our multi-round negotiations on infrastructure sharing and interconnection” and said: “The two companies will sign [an] agreement soon.” In an […]