Africa to Lose $25 billion Annually to Europe-wide Carbon Tax
The President of the African Development Bank (ADB) Group Dr Akinwumi Adesina has reiterated his warning that the introduction of a carbon border tax by the European Union could push Africa [...]
Kenyan Gov on Quick Fixes as Power Blackouts Persist
The government has linked persistent power blackouts across the country to lack of investment in the transmission networks for a very long period of time. On August 25, Kenya recorded [...]
Kenya Among States in Global Battery Energy Storage Consortium
Kenya is among several African countries that have formally expressed interest to join the Battery Energy Storage Systems (BESS) Consortium, launched Saturday during COP28, which could change Africa’s energy landscape [...]KenGen to Implement World Bank-Funded Battery Energy Storage System Project
Kenya Electricity Generating Company PLC (KenGen) has been appointed as the Implementing Agency for the Battery Energy Storage System (BESS) as part of the Kenya Green and Resilient Expansion of [...]Kenya Power Picks Deloitte to Lead Board Shake-Up
Kenya Power has hired Deloitte Touche LLP to lead the process of restructuring the utility firm’s Board. Restructuring of the Kenya Power Board is meant to safeguard the integrity of [...]
Kenya Power Posts KSh 3.2 Billion Net Loss As Currency Depreciation Bites
Kenya Power, the state-owned listed electricity distributor, recorded a net loss of KSh 3.2 billion for the full-year period ended 30th June 2023 compared to a net profit of KSh [...]Kerosene, Diesel Prices Fall Marginally as Super Petrol Remains Unchanged
The government has left the prices of super petrol unchanged in a monthly fuel review which took effect last night. Consumers of diesel and kerosene will however get a slight [...]Train Users to Pay More Following Fuel Price Increase
The recent significant increase in fuel prices has hit railway users following review of prices announced by the Kenya Railways. The upward review will affect Madaraka Express Passenger Service, Nairobi [...]Capital Markets Authority Foresees More Policy Measures to Curb Inflation
The Capital Markets Authority is anticipating more policy measures to control inflation from the Central Bank of Kenya following emerging developments across the globe. The regulator says the conflict between [...]KenGen Profit After Tax Rises by 48 per cent
Kenya Electricity Generating Company PLC (KenGen) has reported 48 per cent growth in profit after tax for the year ended June 30, 2023, surging to Ksh 5.02 billion up from [...]Saudi Arabia Eyes Kenya’s Renewable Energy Sector
Saudi Arabia will use Kenya as a platform to broaden its forays into Africa. Crown Prince of Saudi Arabia Mohammed Bin Salman said Kenya is a pillar of stability and [...]Kenya Power to Dilute State Control in New Directors Board
Kenya Power has proposed changes to its board of directors that will see the government cede some of its seats to minority shareholders. The state-owned electricity distributor has issued a [...]
