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Markets
Stocks to watch on NSE as firms move to fight climate change
November 29, 2022
Lawrence Baraza
0

Stocks to watch on NSE as firms move to fight climate change

Increasing focus on fight against climate change, gas emission has taken shape in Africa and is expected to boost stocks performance for a number of the Nairobi Securities Exchange-listed firms. Accelerated calls to combat climate change have seen a number of firms venture into e-mobility like

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Abraham SeremKenGenKenya Power
Corporate
Kenyans to pay higher for electricity bill
June 20, 2022
Lawrence Baraza
0

Court suspends Kenya Power’s Ksh.2 billion metres tender over foreign interests

High Court in Nairobi has suspended Kenya Power’s Ksh.2 billion tender for electricity metres supply, which it had awarded foreign bidders. Four indigenous bidders moved to court challenging the decision over favouritism. According to Kenya Power, local firms lacked requisite experience to handle such tender. The four

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Kenya Power
Corporate
Kenya banking on KenGen to effect 15% power cut in second phase
June 17, 2022
Lawrence Baraza
0

Kenya banking on KenGen to effect 15% power cut in second phase

The Kenyan government is now banking on the electricity generating company, KenGen, to effect the remaining 15 percent power cut. This follows KenGen’s move to connect its Olkaria I unit VI to the national grid, which is poised to increase the company's output geothermal in the

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KenGenKenya Power
Corporate
Looming strike at Kenya Power over intended lay off plan
June 9, 2022
Lawrence Baraza
0

Kenya Power to save Ksh.1 billion annually from World Bank’s funded Live Line Laboratory

Kenya Power has launched a Ksh.340 million live line laboratory which will see Kenyans saved from perennial power cuts due to faulty lines. The World Bank-funded technology will help the power utility save up to Ksh.1 billion lost every year due to power outages. “The live line

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Kenya PowerKenya Power Live Line Laboratory
Corporate Economy
Kenya Power posts Ksh.3.8 billion net profit for year ended December
June 2, 2022
Lawrence Baraza
0

Treasury releases over Ksh.7 billion to Kenya Power for a further 15% power cut

Kenya Power has received Ksh.7.05 billion subsidy from the National Treasury which will see a second phase of lowering power consumption in the country by a further 15 percent. The first phase was implemented in January this year after President Uhuru Kenyatta announced in October last

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Kenya PowerNational TreasuryUhuru Kenyatta
Corporate
Kenya Power appoints Geoffrey Muli interim Managing Director
May 18, 2022
Lawrence Baraza
0

Kenya Power appoints Geoffrey Muli interim Managing Director

Geoffrey Muli has been appointed an interim Managing Director of Kenya Power effective May 17, 2022. He takes over from Rosemary Oduor who has also been serving in an interim capacity since August 2021. “The appointment of Geoffrey Muli takes effect on May 17,” Kenya Power said

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Geoffrey MuliKenya Power
Corporate Finance
April 25, 2022
Sandra Atieno
0

Kenya Power receives Ksh.6 billion to power 2.4 million homes

The government has increased its allocation for subsidized home connections to the national grid by Ksh.1.48 billion for the fiscal year beginning July, giving hope to thousands of households that have yet to receive electricity. According to the National Treasury's newest spending plans, Ksh.5.8 billion has

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Kenya PowerLMCPNational TreasuryUkur Yatani
Corporate Economy Technology
Kenya power reviews insurance policies for employees in fresh reforms
March 10, 2022
Vanita Wandera
2

Kenya power taps electric vehicles to grow revenue bracket

After years of making losses, Kenya’s power distributor, Kenya Power, is now eyeing electric vehicle market in a bid to expand its revenue bracket. The company is currently in talks with at least five e-mobility firms for the carbon-free transport market. According to Kenya Power management, the

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Electric VehiclesKenya Power
Corporate
Kenya power reviews insurance policies for employees in fresh reforms
March 7, 2022
Brigit Pamela
0

Kenya Power joins Zuku, Safaricom in internet selling market

Kenya Power now seeks to venture into the internet selling market with the introduction of high-speed internet. The power utility will first target its corporate users as tests have already commenced in larger power stations with the expectation to roll out similar services to its rural

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Kenya Power
Corporate
Looming strike at Kenya Power over intended lay off plan
March 3, 2022
Vanita Wandera
1

Kenya Power resumes token generation after hours of delay

Kenya Power has resumed the generation of tokens after hours of a technical hitch. The power utility said its prepaid and postpaid customers that undelivered tokens will be sent to respective customers within an hour. “We wish to inform our pre-paid and post paid customers that we

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Kenya PowerKenya Power Tokens Delay

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