Solar panels installed at the rooftop of one of Total Kenya’s service stations. [Source: Twitter] Total Kenya has installed solar panels in 107 of its service stations across the country in a significant shift towards solar energy. The move comes at a time when the energy sector in Kenya is experiencing a growing shift to […]
A 93MW solar power plant is set to be built in Mali. This is after the government gave the go-ahead to Phanes Energy Mali-SA , a subsidiary of the Phanes group to develop the plant plant in Touna in the cercle Bla, Ségou region. The energy firm signed a power purchase agreement (PPA) with the […]
Absa Kenya was the top mover at the Nairobi Securities Exchange on Tuesday after selling 5.38 million shares with a market capitalization of 54.32 billion shillings. The second top mover of the day was Safaricom who moved 4.83 million shares with a market capitalization of 1.28 trillion shillings. KCB Group and the Co-operative Bank of […]
In the next two years, the KenolKobil brand will disappear. And as with other major oil marketers that exited Kenya such as Caltex and Agip, the only remnants of the brand might be towns or matatu stages that took the oil marketer’s name during its heydays. This comes as the new owners of the oil […]
Covid-19 has left Kenya in a precarious position . A large debt burden and the impact of the pandemic are eroding all the gains made in the fight against poverty over the last few decades. The poverty rate has decreased from 46.8 to 33.4 per cent between 2005 and 2019, and 4.5 million people were […]
November, Monday 2, 2020: Safaricom was the top mover of the day after moving 7.89 million shares at a market capitalization of 1.25 trillion followed by Bamburi Cement with 1.78 million shares at a market capitalization of 8.28 billion shillings. Equity Group moved 1.09million shares at a market capitalization of 125.85 billion shillings while East […]
Rubis Energy Kenya fuelling station at the United Nations Avenue in Gigiri, Nairobi. FILE PHOTO | NMG French multinational Rubis Énergie has saved €10 million (Sh1.2 billion) in its takeover of Kenya’s oil marketer Gulf Energy after negotiating the buyout price downwards. Rubis says the deal, which was completed early this year, had a provision […]
Petroleum PS Andrew Kamau (centre), Rubis Energy Kenya Group managing director and East Africa CEO Jean-Christian Bergeron (left) and General Manager Martin Kimani during the launch of Rubis Energy Kenya after the aquisation of KenolKobil and Gulf Energy Holdings at United Nations Avenue, Gigiri in Nairobi. PHOTO | KANYIRI WAHITO | NMG French multinational Rubis […]
On March 28, 2018, a Boeing 787-9 Dreamliner from the Paris Charles de Gaulle Airport touched down at Nairobi’s Jomo Kenyatta International Airport (JKIA). It was Air France’s first passenger flight to Nairobi after an 18-year hiatus. The symbolism of the maiden flight for the French, who have been shopping for better deals outside Francophone […]
Fuel shortage has hit parts of Nairobi, with various filling stations reporting that diesel has been scarce for days. Attendants at fuel stations of leading oil suppliers Ola Energy and Total Kenya yesterday said they had not had diesel for up to two weeks. A continued scarcity of the crucial commodity would deal a blow […]
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