The Nairobi Securities Exchange (NSE) has stepped up its push for the sale of additional government stake in Safaricom and cash-rich parastatals like Kenya Ports Authority (KPA) to cut the State appetite for expensive loans in the short term. The NSE chief executive Geoffrey Odundo told Parliament Tuesday that the State has the potential to […]
The Nairobi Securities Exchange (NSE) has stepped up its push for the sale of additional government stake in Safaricom and cash-rich parastatals like Kenya Ports Authority (KPA) to cut the State appetite for expensive loans in the short term. The NSE chief executive Geoffrey Odundo told Parliament Tuesday that the State has the potential to […]
Investors at the Nairobi Securities Exchange (NSE) will now trade online on derivative contracts of blue-chip firms like Safaricom #ticker:SCOM, KCB Group #ticker:KCB, Equity Bank #ticker:EQTY and East African Breweries #ticker:EABL. This comes after NSE granted online forex trader EGM Securities the operating licence on Tuesday to trade derivative contracts at the bourse. EGM Securities, […]
Treasury Cabinet Secretary Ukur Yatani. FILE PHOTO | NMG The State has ruled out selling its stake in profit-making parastatals despite pressure to do so and unlock cash and growing strain of external borrowing. Stanley Kamau, Head of Public Investments at the National Treasury said the firms remained strategic to government plans and national security […]
The government should pay heed to the proposal by the Nairobi Securities Exchange (NSE) to have State shares in parastatals and other firms where it has significant ownership sold as a means of raising revenue. NSE chief executive Geoffrey Odundo told Parliament that the government has the potential to raise Sh792.6 billion from the sale […]
Kenya Electricity Generating Company (KenGen) will hold its Annual General Meeting on 16th December 2021 virtually
It is customary for retiring company chief executives to hold media interviews on their exits, letting in journalists into intimidating soundproof offices, mahogany desks, name plaques, and an enviable view of Nairobi from the top floor of the corner office. Sleeves tucked back, easy laughter of relief, befuddled memories and a fairy tale are usually […]
Image: Construction Review Online Djibouti has reached another milestone in its geothermal energy development with the establishment of its very own national geothermal energy engineering company. Dubbed the Red Sea Drilling Company (RSDC), the new venture will not only work to develop the country’s geothermal power reserves, but has a plan for training and capacity […]
The debate on high electricity bills, which have left consumers scratching their heads, has now spilt to the floor of Parliament. Garissa Town MP Aden Duale is the latest to question the high charges for electricity, which have left Kenyans digging deeper into their pockets to line up the coffers of the utility firm. The […]
• KenGen has embarked on an ambitious diversification strategy that has seen it leverage its expertise in geothermal energy. • The contract worth Sh709 million currently being executed involves the drilling of two confirmed and one optional well for the Djiboutian Office of Geothermal Energy Development (ODDEG) in Galla Le Koma. Kenya Electricity Generating Company […]
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