• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Saturday, July 2, 2022
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

KRA on Plans to Auction Kenya Power Transformers

Eunniah MbabazibyEunniah Mbabazi
July 12, 2021
in Energy, Kenyan News
Reading Time: 2 mins read
KRA on Plans to Auction Kenya Power Transformers

The Kenya Revenue Authority (KRA) has announced plans to auction Kenya Power transformers if 30 days elapse before they clear the transformers that were shipped into the country seven years ago.

The auction is linked to delays by Kenya Power in clearing taxes for the import of the transformers and storage fees.

“Unless the under-mentioned goods are entered and removed from the Customs Warehouse within 30 days from the date of this notice, they will be sold by public auction on 12th August 2021,” the Authority said in the Kenya Gazette last Friday.

ADVERTISEMENT

This comes at a time when Kenya Power is grappling with an ageing transmission network that has been blamed for power outages amid increasing system losses. In FY2020, Kenya Power recorded a loss after tax of KSh0.94 billion despite a tax credit of KSh6.1 billion issued by the government.

Meanwhile, electricity cost is set to increase this month after Energy, and Petroleum Regulatory Authority (EPRA) increased the foreign exchange component of the power bill.

The Foreign Exchange Fluctuation Adjustment increased to KSh1.16 per unit of electricity, which is the highest level since July 2018, when consumers paid kSh1.22 per unit for the forex component.

The new rate per kilowatt-hour means the forex charge has shot up 52% from 77 cents in June this year.

See Also:

Kenya’s Economic Activity Picks Up in June


Hisa App Hisa App Hisa App
Previous Post

Nigeria to Block MultiChoice Africa Over $4.4 Billion Tax Evasion Claims

Next Post

Global Markets Major Highlights

Related Posts

Standard Chartered Women in Tech

Announced; The Top 10 Startups Joining Standard Chartered’s Women in Tech Incubator

July 2, 2022
GoK Sets August 6 as Deadline for Importing Maize under New Tax Waivers

GoK Sets August 6 as Deadline for Importing Maize under New Tax Waivers

July 1, 2022

Mobile Phone Prices to Increase after New 10% Excise Duty

July 1, 2022

Maize Flour Prices to Decline by Ksh 2 as Govt Levies Relief

July 1, 2022

Relief as Government Cuts Taxes on Cooking Gas by 50%

July 1, 2022

Further Increase in Food Prices Pushes Kenya’s Inflation Rate to a 5-Year High of 7.9%

July 1, 2022

Jambojet Fetches KSh11 Million from Cargo Operations in Goma

June 30, 2022

World Bank Extends KSh390 Million Facility for Solar Projects in Kenya

June 30, 2022
Load More
Next Post
Global stocks

Global Markets Major Highlights

ADVERTISEMENT

Follow Us

  • 139.2k Followers
  • 2.4k Subscribers
  • 1.1k Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

Jul
11
Mon
all-day British American Tobacco Uganda ...
British American Tobacco Uganda ...
Jul 11 all-day
Payment of recommended dividend of Ushs 209.00
Jul
15
Fri
all-day Nairobi Securities Exchange Divi...
Nairobi Securities Exchange Divi...
Jul 15 all-day
 
Jul
22
Fri
all-day Umeme Plc Dividend Payment
Umeme Plc Dividend Payment
Jul 22 all-day
Umeme Plc Dividend Payment of Ush 54.10 per share
1:35 pm Umeme Limited Dividend Payment
Umeme Limited Dividend Payment
Jul 22 @ 1:35 pm – 2:35 pm
 
Jul
24
Sun
all-day Total Energies Book Closure
Total Energies Book Closure
Jul 24 all-day
 
Jul
25
Mon
all-day Jubilee Holdings Dividend Payment
Jubilee Holdings Dividend Payment
Jul 25 all-day
 
View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

No Content Available

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In