Consumers paid an additional Sh5.06 billion to Kenya Power in the year ended June for electricity theft and leakages from an ageing transmission network. The extra cost came after the energy regulator gave Kenya Power more room to bill consumers the additional losses it incurs for electricity bought from generators such as KenGen that does […]
The government’s earnings from public investments surpassed the target for the year ended June 2021 by Sh3.7 billion, reflecting higher levels of dividend payouts than the National Treasury had projected. A latest exchequer report shows that income from dividends and other profit —wired by parastatals, state agencies as well as quoted and private firms where […]
Drone technology also referred to as unmanned aerial systems (UAS), stands at the forefront of contemporary transportation with the potential to reinforce the efficiency of a range of tasks. In 2016, Rwanda became the first country to supply commercial drone delivery by shipping life-saving medical supplies to remote rural areas of the country. In the […]
The Co-operative Bank of Kenya is struggling to recover part of Sh287.42 million loans it received from the Treasury for on-lending to government projects, according to the latest disclosures on the country’s debt status. The bank, Kenya’s fourth-largest by market share, was among six privately-owned lenders which were listed by the Treasury for owing the […]
Rebecca Miano at the Innovation event at the SEC, Glasgow. 02/11/2021. Photograph: Karwai Tang/ UK Government Glasgow, Scotland, Nov 3 – Kenya Electricity Generating Company (KenGen) Managing Director and CEO, Rebecca Miano, says the company is accelerating deployment of renewable energy to combat the adverse effects of climate change. Speaking during a panel discussion under […]
Report Summary: 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) […]
Lake Turkana Wind Power. Wind farm. Kenya Kenya Electricity Generating Company (KenGen) is accelerating the deployment of renewable energy in Kenya to combat the adverse effects of climate change. Speaking during the Accelerating Clean Technology Innovation and Deployment panel discussion at the COP26 World Leaders Summit in Glasgow, Scotland, Managing Director and CEO of KenGen, […]
KenGen #ticker:KEGN failed to warn investors that its net income will drop by at least 25 percent in the year ended June, marking another breach of compliance requirements among Nairobi Securities Exchange-listed firms. The power producer published its results for the period on Sunday, showing that its net profit declined 93.5 percent to Sh1.1 billion […]
Kenya Electricity Generating Company PLC (KenGen) has reported a 7% Profit before Tax increase from Ksh 13.79 billion to Ksh 14.76 billion in its full year Financial Results for the financial year ended 30th June 2021. Additionally, the NSE-listed firm has recommended a dividend pay-out Ksh 0.30 per share which amounts to Ksh 1.98 billion […]
Safaricom has received an honorary recognition from the IGAD Climate Prediction and Applications Centre (ICPAC) East African Climate Action Awards. The telco was recognised for having a strategic approach towards managing its environmental impacts. The awards shine a spotlight on people and organizations with groundbreaking innovations and ideas to mitigate the effects of climate change. […]
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