NAIROBI, March 9 (Xinhua) — Kenya’s ministry of energy and private sector players on Wednesday launched the inaugural electric public service vehicle amid pledge to advance green mobility and tame the climate crisis in the country. Rosemary Oduor, the acting managing director of state power utility, Kenya Power and Lighting Company, said the launch of […]
Tag: kenya power lighting
Africa.com Definitive List of Women CEOs expands by 50%
Africa.com ( www.Africa.com ) announced the second annual Africa.com Definitive List of Women CEOs on March 8, 2022, in line with International Women’s Day. The list is a unique, data-driven research effort that highlights the women who lead big business in Africa. The data for the effort is provided by Bloomberg. In short, the list […]
KPLC marks 100 years of service
Kenya Power and Lighting Company (KPLC) has released the unaudited financial results for the half year ended 31 st December 2021 outlining its transformation journey as it marks 100 years of powering the economy and strengthening services to the customers. Speaking in Nairobi, the KPLC acting Managing Director (MD) and Chief Executive Officer (CEO), Eng. […]
Kenya Power to unveil internet packages after successful pilot testing
Kenya Power CEO & MD Jared Othieno with World Bank Senior Energy Specialist Laurencia Njagi launch Live Line Programme to curb power outages during maintenance In an attempt to cut losses, Kenya Power and Lighting Company (KPLC) has revealed its plan to connect millions of customers in rural homes with high-speed internet. Previously, Kenya Power […]
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 […]
Kenya Power Profit Jumps After State Joins in Chase for Arrears
Kenya Power and Lighting Co. ’s profit jumped after the company and the government tightened the screws on state-owned firms to recover unpaid electricity bills. Kenya Power’s revenue climbed 21% to 83.6 billion shillings ($734 million) in the six months through December, taking profit to 3.8 billion shillings from 138 million shillings a year earlier. […]
Home Afrika Tops the NSE On Monday As Uchumi Leads The Losing Pack
KEY POINTS Uchumi Supermarket was the top loser after shedding off 9.09 percent at the price of 0.20 shillings per share followed by Sasini and Trans-Century with a loss of 5.61 and 4.31 percent at the price of 20.20 and 1.11 shillings per share. Top Gainers The top gainer of the day at the Nairobi […]
Safaricom Ends The Week At The NSE As The Only Share Above A Million
KEY POINTS Equity Group was the second top mover with 997,600 shares and a market capitalization of 198.12 billion shillings while Kenya Electricity Generating Company moved 898,200 shares, a market capitalization of 26.25 billion shillings. Top Movers Safaricom PLC was the only brand at the Nairobi Securities Exchange (NSE) on Friday that ended the week […]
Ndindi Nyoro Among Top KPLC Shareholders, Here’s How Much He Owns
Kiharu MP Ndindi Nyoro (left) and Kenya Power building in Nairobi CBD. Annual Report and Financial Statements show that Kiharu Member of Parliament Samson Ndindi Nyoro is among the top individual shareholders at the troubled Kenya Power and Lighting Company – KPLC . The company’s annual report dated 30th June 2021 revealed that the lawmaker […]
PIDG company The Emerging Africa Infrastructure Fund backs 40MW Kesses solar project in Kenya with US$35 million loan
The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Group (PIDG) ( www.PIDG.org ), confirmed its leading position as a provider of debt funding to Africa’s alternative energy generation sector. EAIF has provided a US$35 million loan over a 15-year term to the 40MW Kesses solar generation facility to be […]
