The expensive power purchase agreements (PPAs) signed between Kenya Power and independent producers cannot be terminated, Solicitor-General Ken Ogeto has said, dimming hopes of cheaper electricity. He told the National Assembly’s Committee on Energy yesterday that taxpayers will have to foot billions of shillings in damages should the government wish to review or terminate the […]
The battle for the skies is shaping up in the East African region as airlines upgrade their fleet and expand destinations, setting the stage for heightened competition with established carriers such as Kenya Airways (KQ). The regional airlines are also expanding their interline agreement with foreign carriers as they seek to increase their reach through […]
Fly540 will on December 1 restart direct flights to Kisumu from Jomo Kenyatta International Airport in Nairobi, increasing competition on a route served by carriers such as Safarilink, Jambojet and Kenya Airways. The airline will fly once every day, down from the two daily flights it operated before the coronavirus outbreak that forced it to […]
President Uhuru Kenyatta has come under pressure to ease Kenya’s Covid-19 restrictions after a sharp decline in infections and hospital admissions reported in recent weeks. Kenya has met a majority of indicators used to downgrade restrictions in line with World Health Organisation (WHO) guidelines, including ICU admissions, positivity rate and deaths. This has seen public […]
Seven chief executives of Nairobi Securities Exchange-listed firms have served for more than 15 years and are expected to extend their tenure in a market where on average top managers don’t serve in excess of a decade. Flame Tree’s #ticker:FTGH founder, Heril Bangera, has the longest run of 32 years, followed by Car & General’s […]
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– African Telecom sector is seeing a boom – The telecom sector in 2021 has recorded huge revenues in Africa. MTN, Vodacom and Safaricom dominate the sector on the continent with huge revenues of up to 6 billion US dollars. The reason why the sector, is doing so well despite Covid 19 effects, the answer […]
A trader is reflected in a computer screen displaying the Spotify brand on the floor of the New York Stock Exchange in New York, US, in this April 3 2018 file photo. Picture: REUTERS/LUCAS JACKSON Johannesburg/Stockholm — Africa, with its internationally recognised musical talent — and growing mobile phone use — is central to Swedish […]
In a major virtual summit with over 1,000 high-level attendees, Africa.com revealed the names of the 50 most senior women in Corporate Africa. The Africa.com Definitive List of Women CEOs is distinguished in that it is data-driven. The researchers started by working with data provided by Bloomberg and evaluating the over 1,400 companies listed on […]
Rogue digital lenders who share personal data of loan defaulters will be stripped of their operating licences if Parliament passes proposed changes to the law to curb abuse of confidential records. The National Assembly committee on Finance and National Planning has added a clause to the Central Bank Amendment Bill 2021, granting the banking regulator […]
The Kenya Association of Manufacturers (KAM) has backed recommendations that a four-year grace period be considered before any increase of import duty subjected on clinker, a key raw material used in cement production. The decision emanates from a report by the National Independent Verification Committee constituted by KAM in order to assess clinker production and […]
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