Featured image: 123rf.com As Kenya cancelled Power Purchase Agreements and saw the axing of its energy minister, a Kenyan Presidential Taskforce on Review of Power Purchase Agreement recommended the country introduce measures to reduce the cost of electricity by a third within four months. Proposed interventions could mean a consumer who previously spent Ksh.500 a […]
Kenya Power and Lighting Company (KPLC) was the top mover of the day with 10.43 million shares with a market capitalization of 3.34 billion shillings. Safaricom came in second with 2.10 million shares and a capitalization of 1.66 trillion shillings. Nairobi Business Ventures, WPP ScanGroup, and NCBA Group ended the day by moving 244,200, 204,800, […]
The top gainer of the day at the Nairobi Securities Exchange (NSE) was Eveready East Africa with 4.81 percent at the price of 1.09 shillings per share. Carbacid Investments was the second with 4.37 percent at the price of 11.95 shillings per share. CIC Insurance Group, Kenya Power and Lighting (KPLC), and Crown Paint Kenya […]
KEY POINTS Absa Bank Kenya was the second top mover of the day with 3.06 million with a market capitalization of 57.57 billion shillings. Kenya Power and Lighting, KCB Group, and Stanlib Fahari Income – REIT moved 930,400, 550,500, and 331,900 respectively. The top mover of the day at the Nairobi Securities Exchange (NSE) on […]
Energy Cabinet Secretary Charles Keter during a recent meeting with Ethiopian delegates In an announcement coming on Thursday September 23, 2021, the Energy Committee fined the CS a sum of Sh500,000. The fine was imposed after the CS failed to honour summons to appear before the Senate Committee. The Senate had recently issued a summons […]
Kenya Private Sector Alliance chief executive Carole Kariuki during a past event. PHOTO | SALATON NJAU | The Kenya Private Sector Alliance (Kepsa) has raised concern over the mismanagement of and poor governance at the Kenya Power and Lighting Company (Kplc), which have contributed to significant increase in the cost of doing business in Kenya. […]
Nairobi — Energy Cabinet Secretary Charles Keter has been fined Sh500,000 by the Senate Energy Committee after he skipped Thursday’s session where he was to give a status update on the costs of electricity in the country. Keter who had been summoned by the Committee chaired by Nyeri Senator Ephraim Maina was expected to explain […]
A proposed new turnaround strategy for Kenya Airways is awaiting approval by the Treasury even as the airline hopes for improved fortunes in the medium term. The plan submitted by UK consultancy firm Steer Group last month suggests the most viable options of revamping the airline in the face of deepening financial losses and depressed […]
KEY POINTS The top gainer of the day was Eveready East Africa with 8.25 percent at the price of 1.05 shillings per share. Jubilee Holdings gained 5.36 percent at the price of 368.75 shillings per share. The top gainer of the day was Eveready East Africa with 8.25 percent at the price of 1.05 shillings […]
Business owners in Kenya are up in arms about soaring electricity prices, which they blamed on a legacy of mismanagement at the state-owned power distributor, and want its board to take urgent action. The cost of electricity in the east African nation has jumped more than 70% over the past decade, raising firms’ operating costs […]
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