Fuel Prices Rise to an all-Time High in Latest EPRA Review
Fuel prices have risen for the first time since November last year with the cost of petrol increasing to Sh 134.72 compared to Sh129.72 in the previous month. In the [...]
EPRA Set to Review Regulations for Petroleum Road Transportation
The Energy Petroleum and Regulatory Authority (EPRA) says it is in the process of reviewing requirements for petroleum road transportation Licenses, Tanker Permits and Driver Certificates after Saturday’s accident involving two [...]Murban Oil Prices rise sharply to $ 119.23 as Russia-Ukraine conflict heightens
Murban oil prices rose to US$ 119.23 per barrel on March 3 compared to US$ 100.65 per barrel on February 24. According to Central Bank of Kenya(CBK) Weekly Bulletin, Commodity [...]
Prices of LPG Set to Rise by 15%
The cost of refilling liquefied petroleum gas (LPG) cylinders is set to rise by at least 15% As Citizen TV reports, the price of refilling a 6kg cylinder will hit [...]
Kenya Power Records a Half Year Pre-Tax Profit of KSh 5.7 Billion
Kenya Power has reported a pre-tax profit of KSh 5.659 Billion in the half year trading period ended 31 December 2021, compared to KSh 332 Million realized in a similar [...]Kenya Ethiopia $1.3 Billion Cheaper Electricity Deal Back on Track
Kenya and Ethiopia have reached a new agreement to gear up further the purchase of cheap hydropower from Addis Ababa. The hydropower project is worth an estimated $1.3 billion that [...]National Oil in Quest for KSh13 Billion Bailout from Treasury
The National Oil Corporation of Kenya (Nock) is in fresh quest for a KSh13 billion bailout from the National Treasury to pay bank loans and meet operating costs. According to [...]EPRA Maintains Pump Prices Despite Decrease in Landing Cost
The Energy and Petroleum Regulatory Authority (EPRA) has retained fuel prices for another month despite a jump in the cost of shipping the commodity, and a decrease in the landed [...]KPC Seeks Adviser in Quest to Acquire Troubled State-Owned Oil Refinery
Kenya Pipeline Company (KPC) is seeking a transaction adviser to help it conclude the takeover of the defunct state-owned Kenya Petroleum Refineries Limited(KPRL). The Corporation has advertised for bids from [...]$5 Billion EACOP's Shareholders Begin Search for Financiers
Shareholders of the East African Crude Oil Pipeline (Eacop) have begun the search for financiers of the project, whose completion is expected mid this year. The 1,443km pipeline from Hoima [...]Kesses Solar Project Receives $35 Million Loan from EAIF
The Emerging Africa Infrastructure Fund (EAIF) has provided a $35 million loan over a 15 year term to the 40MW Kesses solar project to be built near Eldoret. The project will cost [...]Bamburi Cement switches to Solar Power
Bamburi Cement PLC has signed a Power Purchase Agreement (PPA) with an Independent Power Producer, MOMNAI Energy Limited, to set up two Solar Plants adjacent to the company’s Mombasa Plant [...]
