NAIROBI, Kenya March 1-Electricity generating company KenGen reported a Sh5.12billion net profit for the half-year ended December 2021 up from Sh5.05billion reported in the same period in 2020. The slow growth in profits was attributed to increased expenses with operating costs rising to Sh14.1 billion from Sh13.1 billion. The increased expenses were owed to increased […]
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97pc of NSE share trading accounts remain dormant
Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Nearly 97 percent of equities accounts used for trading at the Nairobi Securities Exchange (NSE) have been dormant in the past two years, revealing the apathy among retail […]
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 […]
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 […]
KenGen to expand capacity of Olkaria geothermal complex
The Kenya Electricity Generating Company (KenGen) is set to expand the Olkaria geothermal complex. The largest producer of this clean energy announced it is completing feasibility studies for the construction of Unit VII of the Olkaria geothermal power plant in Nakuru County and at the same time, the company is preparing for the commissioning of […]
KenGen set to expand Olkaria capacity with new geothermal plant
Construction of Olkaria V geothermal power plant, Kenya Oct. 2018 (source: LinkedIn/ Roberto Razo) After months of delays due to the COVID-19 pandemic, the Kenya Electricity Generating Company (KenGen) has announced that the Olkaria Unit 6 power plant is expected to be commissioned within the next three months. The added 86 MWe of generation of […]
Kenya: 97% of NSE share trading accounts remain dormant
Nearly 97 percent of equities accounts used for trading at the Nairobi Securities Exchange ( NSE ) have been dormant in the past two years, revealing the apathy among retail investors who entered the market during the 2000s IPO boom. Only 61,000 of the 2.03 million share accounts at the Central Depository and Settlement Corporation […]
Ailing Uchumi Carries The Day As Top Gainer At The NSE
Top Gainer The top gainer of the day at the Nairobi Securities Exchange was Uchumi Supermarket with 10.10 percent at the price of 0.22 shillings per share followed by Sasini with 7.43 percent at the price of 21.70 shillings per share. Umeme and Kakuzi gained 6.21 and 5.73 percent at the price of 6.50 and […]
Review incentives at capital markets to keep investors
The revelation that 97 percent of stock trading accounts have been dormant for years should spur regulators and other stakeholders in the capital markets into action. It speaks to widespread investor apathy that comes on the back of disappointing returns, a major part of which can be traced to poor corporate governance among some Nairobi […]