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 […]
•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 […]
US Dollars. PHOTO| FILE Three Nigerians suspected to enjoy the backing of a powerful Kenyan politician and two Kenyans wired Sh25.6 billion between October and November 2020, setting off alarm bells in Europe and at the global police agency Interpol over possible money laundering. Bank statements provided by a European investigator revealed a cross-continental operation […]
Drilling rig on site at Aluto-Langano, Ethiopia (source: EEP) As reported from East Africa, Kenya’s Electricity Generating Company (KenGen) reported having completed drilling of the seventh geothermal well in Ethiopia. KenGen was drilling wells at a depth of 3,000 meters under contract for Aluto-Langano geothermal project for state-owned Ethiopia Electric Power (EEP). “I must commend […]
Nairobi — The Nairobi Securities Exchange(NSE) has sent its heartfelt condolences to the friends and family of Mwai Kibaki, who served as Kenya’s third president from December 2002 to April 2013. The NSE Board Chair Kiprono Kittony noted that Kibaki’s contributions as Minister of Finance, Vice President and thereafter President, saw the steady growth of […]
Electricity producer KenGen #ticker:KEGN has completed the drilling of seven geothermal wells in Ethiopia, four at the Aluto-Langano site and three at Tule Moye. In February 2019, KenGen in a consortium with Shandong Kerui Petroleum Equipment Company and Shandong Kerui Oilfield Service Group won a joint contract worth Sh7.6 billion to supply geothermal drilling services […]
KENYA: "Hatua" app reports illegal waste disposal in Nairobi©Nick N A/Shutterstock The Kenya Alliance of Residents Association (KARA) announces the launch of "Hatua". This is a mobile application that allows people to report cases of uncivilised solid waste disposal in Nairobi, the capital of Kenya. In Nairobi, irresponsible solid waste disposal can now be reported […]
Olkaria II geothermal power plant, Kenya (source: ARGeo) KenGen has announced several job openings related to geothermal and power generation via their official career portal. Applications for these jobs are currently being accepted. The application period closes on 22 April, 2022. Please click on the individual links below to see the job descriptions, requirements, and […]
Addis Ababa, April 8, 2022(Walta) – The Ambassador of Ethiopia in Kenya, Meles Alem, said the longstanding diplomatic relations between Ethiopia and Kenya are eventually incorporating investments of mutual economic benefits. Ambassador Meles Alem appeared on 98.4 Capital FM live to talk about Ethiopia and Kenya’s longstanding relationships covering multiple issues, including culture, economy, and […]
• The number of women on boards in Kenya has been on the steady increase over the years. • Kenya is fairing well globally with a diversity of 36 per cent at present, compared to 21 per cent in 2017. In a special edition to mark Women’s History Month, The Boardroom Africa (TBR) has launched […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.
We would like to show you notifications for the latest news and updates.