Kenya Power issues profit warning, blames COVID-19

By Kepha Muiruri,

Electricity distributor Kenya Power has issued a warning indicating its earnings for the year closing on June 30 will be lower than those previously r...

KENYA POWER

Could coronavirus shut Wall Street? Banks begin moving staff out

By CNN,

US stock markets were halted briefly Monday as a record fall in oil prices and fears of the coronavirus triggered panic selling. But the epidemic p...

coronavirus

KenGen half year earnings double to Ksh.8.2B, growth flat in full year

By Kepha Muiruri,

Electricity generating firm KenGen has announced the doubling of earnings in six months to December 31 to Ksh.8.2 billion in Friday’s dual disclosur...

kengen , miano

High costs return to haunt Kenya Power in 92pc profit wipe out

By Kepha Muiruri,

Kenya Power has announced a 92.1 per cent profit narrowing in the year to June 30, 2019 to Ksh.262 million in a delayed relay of its unaudited results...

KENYA POWER

Kenya Power announces expected drop in profits

By Kepha Muiruri,

Kenya Power has announced an expected drop in its net earnings for the financial year ended June 30, 2019. In a public notice issued on Thursday, K...

Kenya Power says estimation of electricity bills to reduce with new meter reading plan

By Kepha Muiruri,

Kenya Power is seeking to improve its meter reading coverage to 90 percent to minimize complaints related to the estimation of bills. The move sits...

KENYA POWER , power bills

Opinion: Kenya Power in renewed focus on operational and technical efficiency

By Citizen,

By Eng. Jared Othieno The last few months have thrust Kenya Power into the public limelight on several occasions with a series of misinformed accou...

Jared Othieno , KENYA POWER

Corruption, payment delays stifle Kenyan manufacturers – survey

By Reuters,

Kenyan manufacturers are largely operating below capacity and say economic growth prospects are dim due to a cash crunch, drought and corruption, a su...

corruption , Kenyan manufacturers

Kenya Power announces power outages across the country from tomorrow

By Wangui Ngechu,

The Kenya Power Company has announced interruption in electricity supply across the country beginning tomorrow. In a statement to newsrooms, the co...

kenya power company

Kenya Power half year net profit dips again

By Citizen Reporter,

Kenya Power has recorded Ksh.2.5billion in net profit for the half year period to December 31, 2018. This is a 16percent drop as compared to Ksh.2....

Ben Chumo , Kenya Power Corruption case

Kenya Power gets tough on late bill payers after profit plunges

By Reuters,

Kenya Power Co said on Friday it will be much tougher on chasing unpaid bills after its provisions for bad debts surged in the financial year through ...

Kenya Power woes deepen as full year pretax profit dives 60pc

By Reuters,

Kenya Power has revealed that its full-year pretax profit plunged to Ksh.3billion. This is a 60percent drop from Ksh.7.66billion the previous year....

Kenya Power profit

The Chinese phone giant that beat Apple to Africa

By CNN,

One of China's biggest smartphone makers has never sold a handset in the country. Yet thousands of miles away, it dominates markets across Africa. Unk...

apple , Tecno mobile

Mumias Sugar loss widens 42pc to Sh6.7bn

By Citizen,

Mumias Sugar Company has reported a 42 percent widening of its full year result despite ongoing efforts to restore the sugar miller. In the period ...

agriculture and food authority , cane availability , Cane Poaching , dividend , electricity sales , ethanol , government bailout , Kennedy Ngumbau , KENYA POWER , Mumias Sugar Company , shareholders , Sugar , Treasury

Kenya Power up 1pc on high transmission costs

By Citizen,

Electricity distributor Kenya Power has reported a one percent rise in its full year to June net profit despite growing its revenues. In its latest...

2017 financials , Distribution , Drought , Electricity , geothermal power , Ken Tarus , KENYA POWER , national grid , power sales , profit , state owned agency , thermal generation , transmission costs , utility firm

Centum defends coal-fired plant as full year profit dips

By Reuters,

Kenya's Centum Investment Co PLC reported an 18 percent drop in full-year pretax profit on Tuesday and said it would press ahead with a 1,000 MW coal-...

Amu Power , centum , Chris Kirubi , coal fired power plant , electricity generation , Gulf Energy , James Mworia , lamu , UN

Nigeria’s growth drops, but oil looking up

By AFP,

Nigeria's battered economy suffered a year-long contraction in 2016, official data showed Tuesday, but the oil sector showed signs of recovery, raisin...

attacks on oil pipelines , economic growth , end of a recession , Inflation , Nigeria , non oil sectors continue to suffer , Oil

Nigerian power problems frustrate Buhari’s economy push

By Reuters,

Nigeria's biggest power station shows the huge problems that President Muhammadu Buhari must overcome if he is to fulfil his promise to tackle chronic...

Nigeria

Kenya car industry urges more incentives to attract investment

By Reuters,

Kenya's removal of excise duty on locally assembled cars will boost the industry, but the government must make power supplies cheaper and address othe...

car assembly , Ethiopia , incentives , kenya , Kenya Vehicle Manufacturers Association , Rita Kavashe , vehicles

Kenya Power to address industrial customers’ queries on WhatsApp

By Abalon Babisho,

Utility firm Kenya Power has developed an alternative dedicated communication channel for large power consumers in an effort of resolving their grieva...

60 percent of revenue , Ben Chumo , billing , Communication , KAM , KENYA POWER , large power consumers , manufacturers , smart meters , whatsapp