Kenya Electricity Generating Company (KenGen) Electricity utility, the Kenya Electricity Generating Company (KenGen) said Tuesday it will soon benefit from its Clean Development Mechanism (CDM)projects, adding momentum to its efforts to combat climate change. The firm said the move follows the issuance of additional 309,495 Certified Emission Reductions (CERs) for the organization’s Olkaria II CDM […]
Kenya Electricity Generating Company (KenGen) has ruled out introducing power rationing in the country despite a drop in water levels at Masinga Dam. The State corporation noted that the dam, the country’s largest hydropower station, would run optimally throughout the year due to good hydrology. The move follows reports that peak electricity demand had shot […]
File Photo of The National Treasury. The National Treasury has cited 14 out of 18 key State parastatals as financially weeks under its ongoing quest to reform the struggling agencies. The 14 parastatals have been categorized into three, in accordance to their earnings rating. For instance Kenya Power and Kenya Railways have been classified as […]
NAIROBI, Kenya, Jul 1 – Women-owned businesses in Kenya face structural barriers that limit their ability to secure contracts with large companies for growth, according to an IFC study published today that recommends ways banks and large businesses can better support female entrepreneurs. Commissioned as part of IFC’s wider efforts to connect women entrepreneurs to […]
Kenya Power Building in Nairobi CBD. The Parliament Investment Committee (PIC) has ordered Kenya Power and Lighting Company (KPLC) to reveal the identities of owners of power producer firms which made Ksh.50.2 billion in sales to KPLC in the year 2020. Kenya Power has also been asked to table its 17 Power Purchase Agreements (PPAs) […]
Treasury Cabinet Secretary Ukur Yatani outside Pariament Buildings on June 11. The Kenyan government has earmarked 18 state agencies for restructuring as part of IMF’s condition for the $2.34 billion loans granted in April. The National Treasury on Thursday added nine more state agencies to the initial nine slated for privatisation. It said this was […]
NAIROBI, July 6 (Reuters) – Kenya’s largest utility said on Tuesday its certified emission reduction credits (CERs) available for sale had more than doubled to over 550,000. A CER is equivalent to one tonne of CO2 and they are part of emission reduction efforts under the Kyoto Protocol. Kenya Electricity Generating Company (KEGN.NR) (KenGen) said […]
Kenya Electricity Generating Company (KenGen) is set to benefit from its Clean Development Mechanism (CDM) Projects further giving impetus to the company’s efforts to combat climate change. This follows the issuance of additional 309,495 Certified Emission Reductions (CERs) for the organization’s Olkaria II CDM Project by the United Nations Framework Convention on Climate Change (UNFCCC), […]
KENYA: Kipeto Wind Farm (100 MW) Starts Commercial Operations© Kipeto Energy The Kipeto wind farm has started commercial operations. The new 100 MW facility was built by the independent power producer (IPP) BTE Renewables, formerly known as Biotherm Energy. That’s it! After connecting its wind farm to Kenya’s national grid earlier this year, BTE Renewables, […]
Nairobi Securities Exchange trading floor. PHOTO | NMG Kenya and Saudi Arabia are some of the most prominent economies in their respective regions. The two countries account for an enormous percentage of Gross Domestic Product in the Middle East and East Africa respectively. Coincidentally, the two countries have economic blueprints with a similar name and […]
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.