Attorney General Paul Kihara Kariuki. PHOTO | JEFF ANGOTE | NMG The State will start making public the names, residential addresses and occupation of secret shareholders in companies that clinch tenders in ministries and parastatals. Attorney-General Kihara Kariuki has unveiled fresh regulations that will compel the Public Procurement Regulatory Authority (PPRA) to reveal information on […]
Category: Nairobi Stock Exchange
Solar powering Kenya clean energy profile thanks to $35m investment
Alten Energias’ Alten Kenya Solarfarms BV has secured a $35 million loan from the EAIF for a 40 MW project it is building in the country. (Image: Shutterstock.com) The Emerging Africa Infrastructure Fund (EAIF) will lend $35 million to the Kesses solar generation plant in Kenya. The EAIF, which is part of the Private Infrastructure […]
Kenya Power Profit Jumps After State Joins in Chase for Arrears
Kenya Power and Lighting Co. ’s profit jumped after the company and the government tightened the screws on state-owned firms to recover unpaid electricity bills. Kenya Power’s revenue climbed 21% to 83.6 billion shillings ($734 million) in the six months through December, taking profit to 3.8 billion shillings from 138 million shillings a year earlier. […]
Power Generation Market Driving Factors by Growth Opportunities, Regions, Manufacturers, Type,
The report titled “ Power Generation Market ” offers a primary overview of the Power Generation industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global Power Generation market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in […]
Electricity demand drives KenGen half year profit 9pc to Kshs. 7.5B
Kenya’s largest electricity generator KenGen has reported a 9% increase in profit before tax of Kshs. 7.5 billion for the half-year period ended December 31, 2021. The gross profit which has risen from Kshs. 6.9 billion recorded during a similar period in 2020 is attributed to increased electricity sales and diverse revenue streams. “Our performance […]
Ethiopia shields M-Pesa from licence freeze
The suspension of bidding for a second telecoms operator permit in Ethiopia will not derail the introduction M-Pesa licence in the populous nation, clearing the way for Safaricom #ticker:SCOM to launch the mobile money service this year. Safaricom licence, which was offered last year, was to be upgraded to include mobile financial service after completing […]
Safaricom customers to enjoy 100% bonus data in new campaign
NAIROBI, Kenya Feb 15-Safaricom customers are set to enjoy 100 per cent bonus data upon attaining their daily data targets in a new data campaign dubbed, Nyakua Data Dabo Dabo. The campaign, which builds on the Stori Ibambe program that was introduced in 2015 to reward airtime usage, now enables both prepay and postpay customers […]
Parliament passes Raila-backed Copyright Amendment Bill
A general view taken on March 26, 2015 in Nairobi shows the Kenyan parliament, as President Uhuru Kenyatta addresses two Houses the Senate and the National Assembly. President Kenyatta’s speech comes against the backdrop of rising corruption and insecurity in the country. AFP PHOTO/SIMON MAINA (Photo credit should read SIMON MAINA/AFP via Getty Images) The […]
NSE investors lose Sh92bn in paper wealth in a day on Russia-Ukraine conflict
Vladimir Putin. Nairobi Securities Exchange (NSE) investors Thursday lost Sh92.43 billion as prices dived on Russia’s invasion of Ukraine in the middle of trading. Russian President Vladimir Putin Thursday announced a military operation in Ukraine, triggering panic sell-off of stocks by foreign investors to seek shelter in other investment options such as fixed income. Safaricom […]
Central Bank of Kenya plans to let Airtel users pay via Safaricom’s Lipa na M-Pesa by 2024
The Central Bank of Kenya (CBK) says it will launch a national payment system to force Safaricom to accept cash from rivals such as Airtel on its Lipa na M-Pesa platform, enabling transfers of money through merchants, Business Daily reported. It is due to be introduced by 2024 and will remove the hurdle to Airtel […]