Diesel and Petrol Prices Up by KSh 17 and KSh 11 for July
Consumers will now pay KSh 100.48 for a litre of petrol and KSh 91.87 for a litre of Diesel in Nairobi, as petrol prices rise in July. A statement by [...]
AfDB Invests $116 Million in Nedbank's SDG Linked Bonds
The African Development Bank (AfDB) has invested $116 Million in South Africa’s Nedbank SDG Linked bonds. Thebonds are under the green bonds segment at the Johannesburg Stock Exchange (JSE). [...]Jubilee Holdings Buys a KSh4.2B Stake in Bujagali Energy
Jubilee Holdings Limited (JHL) has purchased an additional 9.44 percent stake in Bujagali Energy Limited from technical partners SN Power for KSh4.2 billion ($40 Million). Consequently, the transaction increases Jubilee [...]
Tensions Ease as Ethiopia, Sudan, Egypt to Agree to Fill GERD in Two Weeks
Egypt, Ethiopia, and Sudan have agreed to fill the Nile dam within two weeks following an agreement after meditations by the African Union. A statement from the Ethiopian Prime Ethiopia [...]Relief for Mumias Sugar as KSh 11 Billion Tax Bill Waived
The Government has waived KSh 11 billion in tax arrears owed by the debt-ridden Mumias Sugar Company. The information was disclosed by the Kakamega Governor Wycliffe Oparanya, while co-chairing the [...]
Low Economic Activity Cuts Fuel Consumption
Low economic activity due to the COVID-19 Pandemic continues to lower fuel consumption, slumping demand for petrol, diesel, and jet fuel. Demand for Petrol and Diesel fell by 26.8%, and [...]Kenya Power Issues Profit Warning over Low Growth in Electricity Sales
Kenya Power has issued a profit caution, warning that the company's earnings will be lower than last years' because of low growth in electricity sales. A statement from the board [...]Petrol Price Up by KSh 5, Diesel Down By KSh 3.80
Kenyans will pay KSh 5.77 more for a litre of petrol effective June 15, from last month's KSh 83.33. However, customers will pay less for diesel and kerosene after the [...]Oil Distributors Risk KSh 1M Fine for Hoarding EPRA
The Energy and Petroleum Regulatory Authority has cautioned Oil Marketing Companies (OMCs) against hoarding to create artificial shortages. EPRA warns OMCs and petroleum retail stations that hoarding will result in [...]Floating Power Plants; Reshaping of Mobile Power Generation
Floating power plants are taking shape all over the world, allowing innovations for mobile power generation. Companies such as Siemens, Karpower in Turkey, and ROSATOM in Russia have already launched [...]Nigeria's Economy Grows by 1.87% in Q1 2020
The Nigerian economy recorded a 1.87% Year on Year growth in Q1 2020. This is a decline in growth from 2.55% in Q4 2019. The nation also reported nominal GDP [...]Total Drops Plan to Buy Occidental Petroleum Assets in Ghana
French Oil and Gas multinational, Total, has dropped plans to buy Occidental Petroleum assets in Ghana. The deal was part of an $8.8 billion agreement reached between Total and Occidental [...]
