COB: Controller of Budget Margaret Nyakang’o. Image: COURTESY Loss making state owned enterprises could be headed for radical restructuring if the state implements a recommendation by controller of budget Margaret Nyakang’o. The country’s budget boss wants the loss making enterprises, among others restructured – including collapsing and merging some – and having others privatized in […]
Expect internet services from Kenya Power. 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, KPLC has been leasing fibre-optic cables attached to its transmission lines to Internet service providers. Due to an increase in demand […]
President Uhuru Kenyatta during the 58th Jamhuri Day Celebration at Uhuru Gardens in Nairobi on Sunday, December 12, 2021 [Photo/Courtesy] Recent changes effected at the Kenya Power and Lighting Company (KPLC) have begun to bear fruits after President Uhuru Kenyatta promised reduced bills by up to 30 per cent. Speaking during the 58th Jamhuri Day […]
President Uhuru Kenyatta speaks to a delegation at the United Nations office in New York on Tuesday, October 12, 2021. PSCU After a public uproar by Kenyans on the high cost of electricity, President Uhuru Kenyatta on September 29 launched a task force report that recommended the reduction of the cost of electricity by 33 […]
Controller of Budget Margaret Nyakang’o. Controller of Budget Margaret Nyakang’o has raised the alarm over huge sums of money spent by the government as commitment fees to “book” new loans. The fee is paid to potential lenders as a sign of assurance and seriousness to secure a loan facility. It’s not refundable. They are loans […]
US power company Ormat continued to earn huge payouts from the Kenya Power and Lighting Company (KPLC) despite lower output at its Olkaria wells, exposing the downsides of protective electricity purchase contracts. Kenya Power is the biggest revenue basket for the US firm outside America contributing 16.3 percent of total revenues in the nine months […]
Kenya Power board chair Vivienne Yeda. She said Kplc was aware of the unsustainability of the terms and conditions of the existing PPA agreements saying that Kenyans are punished by the ever increasing cost of electricity including energy from their own natural resources; geothermal, and the wind and sun. FILE PHOTO | NMG The company […]
For the past decades, most public spaces in Kenya have offered efficient and quality services to the public. But most of these services, often seen as essential, always come with a price. At times the prices are hiked without a proper regulatory framework, leaving many consumers frustrated. And this brings into focus the whole idea […]
Kenya Power confirmed 59 staff will be temporarily relieved of their duties to pave way for a forensic audit The company picked an interim procurement lead team to take charge of the division’s business operations as the expected audits gets underway The company explained the exercise was part of the recommendations of the Presidential Taskforce […]
Sydney, Nov. 15, 2021 (GLOBE NEWSWIRE) — Just released, this edition of BuddeComm report outlines the latest developments and key trends in the telecoms markets. – https://www.budde.com.au/Research/Kenya-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW This supports the updated national broadband strategy, which is focussed on providing a broadband services of at least 3Mb/s to 90% of the population by 2023. In addition, […]
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