By the end of 2019, Kenya’s total installed solar capacity stood at 95 MW, according to the International Renewable Energy Agency (IRENA). Kenya ‘s electric utility, Kenya Power and Lighting Company (KPLC) has issued a tender to add solar and wind power generators to 23 existing diesel mini-grids across the country. Of the 23 mini-grids, […]
KEY POINTS KenGen received a tax credit of 4.59 billion shillings from the Kenya Revenue Authority (KRA). The Kenya Electricity Generating Company (KenGen) has registered a whopping 133 percent jump in profits to end the last financial year at 18.3 billion shillings in the just-released results attributed to increased output of cheaper geothermal and tax […]
The top mover of the day was BK Group after selling 9 million shares with a market capitalization of 16.56 billion shillings followed by Safaricom PLC with 3.44 million shares with a market capitalization of 1.46 trillion shillings. Equity Group and KCB Group sold 2.01 and 1.35 million shares respectively with a market capitalization of […]
Kenya Power and Lighting Company (KPLC) emerged as the top gainer of the day on Wednesday, January 20, 2021, with 6.45 percent at the price of 1.65 shillings per share followed by HF Group with 5.52 percent at the price of 3.89 shillings per share. I & M Holdings and Britam Holdings gained 4.55 and […]
On Wednesday, the markets closed with Sanlam Kenya emerging as the top gainer of the day with 8.33 percent at a price of 13.00 shillings per share. The second top gainer of the day was BK Group with 7.89 percent at the price of 20.50 shillings per share followed by HK Group with a gain […]
Mr Chris Okemo (left) and former Kenya Power and Lighting boss Samuel Gichuru. FILE PHOTO | NMG Kenya and Jersey authorities have struck a deal that will see Sh444 million seized from the secret offshore banks belonging to former Kenya Power boss Samuel Gichuru and ex-Energy minister Chris Okemo repatriated. Authorities in Jersey, which is […]
The Kenya Power and Lighting Company (Kenya Power) has launched a Ksh. 800 million electricity network management program. The program is aimed at maintaining the electricity network countrywide for improved quality of power supply to its customers. It entails carrying out transformer maintenance and carrying out reinforcement works to ensure uninterrupted supply. The company owns […]
Kenya Power and Lighting Company engineers load a transformer into a lorry. Kenya Power has resumed issuing a breakdown of the pre-paid electricity tokens after previously putting a stop to sending detailed bills to consumers. The move had attracted backlash from consumers who asked for the breakdown as it offered them a chance to analyse […]
Safaricom has continued dominating the Nairobi Securities Exchange (NSE) as the top mover. On Wednesday, the telecommunications giant moved 13.89 million shares with a market capitalization of 1.32 trillion shillings. The second top mover of the day was Equity Group who sold 8.55 million shares with a market capitalization of 133.21 billion shillings. It is […]
– KenGen CEO Rebecca Miano said the parastatal was waiting for finalisation of the new regulations under the Energy Act 2019 so as to start selling power to large consumers – The Energy Act 2019 was signed into law by President Uhuru Kenyatta in March 2019 – Kenya Power had earlier expressed concerns after noting […]
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