The anti-corruption watchdog has summoned non-executive board members of troubled electricity distributor Kenya Power to record statements over a fresh procurement scandal that has rocked that utility company. In a letter to the Kenya Power board chair Ms Vivienne Yeda seen by the Nation, the Ethics and Anti-Corruption Commission (EACC) boss Twalib Mbarak wants Ms […]
An electronic board displaying market data. The investor relations department’s role revolves around how a company communicates with investors, shareholders, government authorities, and the financial community. PHOTO | FILE | NMG Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that […]
Every year on August 26, the world marks the Women’s Equality Day — a day that was designated by the US Congress in 1971 to commemorate the 1920 passage of the 19th Amendment to the US Constitution, granting women the right to vote. Half a century on, the Women’s Equality Day is calling attention to […]
Power production company KenGen has announced that it has received carbon credits from its Olkaria I, Units 4 and 5 Geothermal Power plant further solidifying the company’s lead in climate action in Africa. This follows the issuance of an additional 2,040,515 Carbon Emission Reductions (CERs) for the Naivasha-based project by the United Nations Framework Convention […]
– Various countries are turning towards geothermal energy – Kenya hopes to double capacity over the next five years – South-east Asian governments offer incentives to encourage investment – High drilling costs pose barrier to further development While solar and wind are the dominant segments in the transition to renewables , a number of emerging […]
Construction of Olkaria V geothermal power plant, Kenya Oct. 2018 (source: LinkedIn/ Roberto Razo) Kenya Electricity Generating Company (KenGen) has launched a call for Expressions of Interest for Consultancy Services for the Feasibility Study of Olkaria VII- 83 MW geothermal power plant in the Olkaria field in Kenya. Date published: September 7, 2021 Tender closes: […]
Close to 1.7 million Kenyans were rendered jobless between April and July. The onset of the Covid-19 pandemic violently shook businesses the way a powerful storm buffets ships in the high seas. Many of them – particularly small and medium-sized enterprises (SMEs) with very little working capital as well as big establishments in hospitality, aviation, […]
[PHOTO/ COURTESY] Kenya Power demanded Ksh2.8 billion from businessman Narendra Raval to connect his clinker factory in Emali with electricity, it has emerged. According to reports by the Daily Nation , the connection would have given Kenya Power Ksh200 million every month in power consumption bill. Raval felt that the connection bill was too much, […]
Steel billionaire Narendra Raval has revealed how Kenya Power gave him a Sh2.8 billion quote to connect electricity to one of his clinker factories in Emali. At first the billionaire thought the utility company was joking. But when he realised that he would not get electricity without parting with the money, Mr Raval, says he […]
NAIROBI, Aug 25 (Reuters) – Kenya Electricity Generating Company’s (KenGen) certified emission reduction credits (CERs) available for sale have more than tripled, it said on Wednesday. The United Nations-approved CER is equivalent to one tonne of carbon dioxide (CO2). The carbon offset system is part of emission reduction efforts under the Kyoto Protocol. State-controlled KenGen, […]
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.