The Director of Public Prosecutions has asked a Nairobi court to summon former Cabinet minister Chris Okemo and former Kenya Power boss Samuel Gichuru for the resumption of their extradition case. The two are wanted by the Royal Court of Jersey in the United Kingdom for accepting bribes from foreign companies that were doing business […]
Attorney-General Paul Kihara Kariuki. FILE PHOTO | NMG Director of Public Prosecutions Noordin Haji has maintained that the powers to initiate extradition proceedings are vested in his office and not at the Attorney General’s office. Making submissions before the Supreme Court, the DPP through Victor Mule said extradition proceedings are criminal in nature and therefore […]
Engineers from Kenya Power and Lighting company repair electricity near Uhuru Park on October 27, 2021. Ex-Kenya Power senior executives will face fresh scrutiny as the utility firm seeks to reopen previous forensic audits on all financial dealings that have cost it billions of shillings. The utility firm will in the next Annual General Meeting […]
Kenya’s mobile operators progress with 5G trials 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% […]
Kenya Power #ticker:KPLC has no insurance cover for its 122 substations distributed across the country, exposing the strategic national assets, employees and the general public to major risks in case of accidents. The National Assembly’s Energy committee heard that the electricity distributor has been operating without insurance cover since August 31, 2021. The Kenya Power […]
Kenya Power spends over 66% of its revenue on purchasing power IPPs rake in 47% of power purchase costs despite supplying 28% of units to the electricity distributor Gulf Power Ltd for instance, sold 18 million units at KSh 2.19 billion (KSh 121.56 per unit) whereas KenGen was paid KSh 5.48 per unit Twenty-eight per […]
The Authority said public views must also be sought first before the nationwide roll-out of the tariffs/FILE NAIROBI, Kenya Oct 29-The Kenya Power and Lighting Company PLC (Kenya Power) has today announced a profit before tax of Kshs.8.2 billion for the period ending 30th June 2021, representing a 216% YoY growth compared to a loss […]
Kenyan Power and Lighting Company (KPLC) has bounced back to profitability after years of loss-making The company’s board of directors chair Vivienne Yeda attributed the strong performance to the company’s 2020 turn-around strategy During the period under review, the electricity distributor connected 716,206 new customers leading to a 5% growth in unit sales This, in […]
Interior CS Fred Matiangi during a previous press briefing. The Kenya Power and Lighting Company has been declared a special government project. This will see a an inter-ministerial team set up to audit it and oversight urgent reforms immediately. Meanwhile, a multi-agency team comprising the Directorate of Criminal Investigations, Financial Reporting Center, Assets Recovery Authority […]
The Presidential Taskforce on Review of Power Purchase Agreements (“ PPA Taskforce ”), constituted in to address concerns about the high cost of electricity, has recently presented its report to the President of Kenya with its recommendations. Although the full report has not been published, we understand from the State House Press Release the main […]
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