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Macharia Kamau

Kenya Pipeline in quest to raise storage fees for oil marketers

Kenya Pipeline Company (KPC) is eyeing higher fees from oil firms in a bid recovery of the funds it spent building the new Mombasa-Nairobi pipeline.

By Macharia Kamau 1 hr ago

Kenya Pipeline in quest to raise storage fees for oil marketers

Devki eyes power sector with 60MW wind farm in Kwale

Devki eyes power sector with 60MW wind farm in Kwale

By Macharia Kamau 1 day ago

With polls done, you can as well kiss State subsidies goodbye

With polls done, you can as well kiss State subsidies goodbye

By Macharia Kamau 2 days ago

John Ngumi: The blue-eyed boy of State corporations

John Ngumi: The blue-eyed boy of State corporations

By Macharia Kamau 2 days ago

Pump prices unchanged as State ups subsidy

Without the subsidy, motorists would have paid Sh214.03 per litre of super petrol. Intervention has enabled Kenyans save over Sh100 billion on fuel costs but faces an uncertain future.

By Macharia Kamau 4 days ago

Pump prices unchanged as State ups subsidy

French and German agencies buy minority stake in Naivas

Development institutions will take up stake owned by private equity firm Amethis. Supermarket chain is expanding rapidly with more than 80 stores so far.

By Macharia Kamau 5 days ago

French and German agencies buy minority stake in Naivas

Ethiopia's GERD turbines start spinning as Kenya ready to buy power

Kenya will start importing electricity from the neighbouring country in November with an initial 200MW.

By Macharia Kamau 6 days ago

Ethiopia's GERD turbines start spinning as Kenya ready to buy power

Shake up in Kenya's logistics scene as MSC, Bollor seek approval for Sh695b deal

Deal will see the multinational emerge as a major player in Kenya's logistics and shipping sector. The firm is also set to run the second container terminal at the Port of Mombasa.

By Macharia Kamau 6 days ago

Shake up in Kenya's logistics scene as MSC, Bollor seek approval for Sh695b deal

Lapfund to invest Sh10b in Nakuru mall

The fund said the investment will enable it tap into the expected growth of Kenya’s newest city.

By Macharia Kamau 7 days ago

Lapfund to invest Sh10b in Nakuru mall

CA wants telcos to answer customer calls in less than 20 seconds

CA says the guidelines are aimed at holding service providers to certain minimum standards in safeguarding consumers interest, which is provided for by the law.

By Macharia Kamau 8 days ago

CA wants telcos to answer customer calls in less than 20 seconds

State plans to electrify a million homes annually over ten years

A booming population and high power demand from industries have led to new electricity goals. Kenya’s per capita power consumption compares poorly to other countries in Sub-Saharan Africa.

By Macharia Kamau 10 days ago

State plans to electrify a million homes annually over ten years

Banks pay Sh129b in taxes as economy rebounds from pandemic

Corporate tax paid by Kenyan banks increased 13.15 per cent - from Sh43.73 billion in 2020 to Sh49.48 billion in 2021.

By Macharia Kamau 15 days ago

Banks pay Sh129b in taxes as economy rebounds from pandemic

Tullow looks to India to rescue Kenya oil dream

Tullow said while it is yet to decide on the stake, it will cede to the new firms, it would be a “material stake.”

By Macharia Kamau 15 days ago

Tullow looks to India to rescue Kenya oil dream

A dream deferred: How Tullow woes, Covid derailed Jubilee oil export plan

A decade later, and with the Jubilee administration now on its way out, the country is still exploring how to become an oil exporter.

By Macharia Kamau 16 days ago

A dream deferred: How Tullow woes, Covid derailed Jubilee oil export plan

GDC seeks new revenue streams with geothermal spa

GDC has identified several resource parks where various investments will be located.

By Macharia Kamau 18 days ago

GDC seeks new revenue streams with geothermal spa

John Ngumi replaces Michael Joseph at Safaricom

Joseph is stepping down as chair to focus more on Safaricom’s operations in Ethiopia as well on the revival of Kenya Airways (KQ).

By Macharia Kamau 20 days ago

John Ngumi replaces Michael Joseph at Safaricom

Imports of cheaper power from Ethiopia to start in November

The Power Purchase Agreement (PPA) was signed Tuesday during the launch of KenGen’s 83MW power plant at Olkaria in Naivasha.

By Macharia Kamau 21 days ago

Imports of cheaper power from Ethiopia to start in November

EABL doubles profit after lifting of Covid-19 curbs

The company’s net profit grew 124 per cent in the year to June 2021 to Sh15.57b compared to Sh6.96b previously.

By Macharia Kamau 21 days ago

EABL doubles profit after lifting of Covid-19 curbs

Kenya Power replaces directors who quit in a huf

Kenya Power, however, is still grappling with uncertainties, with its chief executive as well as a number of general managers still in an acting capacity.

By Macharia Kamau 22 days ago

Kenya Power replaces directors who quit in a huf

Uhuru defends high borrowing record to fund mega projects

President uses his last address to the regional Heads of State Summit to tell off critics. He urges his counterparts not to shy away from taking loans if it means developing their countries.

By Macharia Kamau 26 days ago

Uhuru defends high borrowing record to fund mega projects

IMF: Why Kenya Power stares at Sh26 billion annual revenue loss

Electricity prices began going down in January but this is set to stop after IMF pressured the government. This reduction is being achieved by making Kenya Power take a big hit.

By Macharia Kamau 27 days ago

IMF: Why Kenya Power stares at Sh26 billion annual revenue loss

Italian oil firm starts biofuel production at Makueni plant

The agri-hub will process castor, croton and cottonseeds to extract vegetable oil.

By Macharia Kamau 29 days ago

Italian oil firm starts biofuel production at Makueni plant

Treasury to scrap fuel subsidy in next two months, IMF says

The subsidy has cushioned Kenyans from high pump prices since April.

By Macharia Kamau 28 days ago

Treasury to scrap fuel subsidy in next two months, IMF says

Air polluters face Sh4m fine or four-year jail term in new rules

Regulations are meant to improve air quality, especially in urban areas. Air pollution is among the biggest burdens in Kenya’s public health as it causes respiratory diseases.

By Macharia Kamau 1 month ago

Air polluters face Sh4m fine or four-year jail term in new rules

What jitters? Kenya's economy rolls on amid elections uncertainty

Many businesses appear to be pressing on with their activities three weeks to the elections, a period that in the past has been marked by tension and underinvestment.

By Macharia Kamau 30 days ago

What jitters? Kenya's economy rolls on amid elections uncertainty

Kenya, US to start talks on new trade deal in three months

The countries had been evaluating possibilities of setting up a free trade area (FTA) but negotiations were not concluded before President Joe Biden came into office in January 2021.

By Macharia Kamau 1 month ago

Kenya, US to start talks on new trade deal in three months

Brace yourself for another fuel price hike

Epra, according to industry sources, is likely to increase pump prices by at least Sh10 at the pump even as the government cushions consumers by about Sh40 per litre through its subsidy.

By Macharia Kamau 1 month ago

Brace yourself for another fuel price hike

Standard Group investments to pay off ahead of target, says CEO

Group CEO Orlando Lyomu yesterday said the business products in the television and radio segments launched in 2019 are already raking in good revenues.

By Macharia Kamau 1 month ago

Standard Group investments to pay off ahead of target, says CEO

Uhuru's grand projects: Boon or mere white elephants?

The string of mega projects has left in its wake a country saddled with huge debts and a citizenry that's worse off than a decade ago. Were they worth the trouble, then? Time will tell.

By Macharia Kamau 1 month ago

Uhuru's grand projects: Boon or mere white elephants?

Kenya's plan for region's first carbon exchange back on

The carbon exchange will be among the platforms that define Nifca in its bid to deepen Nairobi as a hub for financial services.

By Macharia Kamau 1 month ago

Kenya's plan for region's first carbon exchange back on

Uhuru's hits and misses in mega projects

President Uhuru Kenyatta's economic legacy will be defined by the mixed bag of ups and downs of his mega projects

By Macharia Kamau 1 month ago

Uhuru's hits and misses in mega projects

Kenya Power eyes storage plant to reduce thermal use

Kenya Power said it expects to have the first battery storage plant with a capacity of 100 megawatts to be up and running by 2024.

By Macharia Kamau 1 month ago

Kenya Power eyes storage plant to reduce thermal use

Kenya Airways eyes profitability in the next two years

National carrier Kenya Airways expects to get back to profit in 2024.

By Macharia Kamau 1 month ago

Kenya Airways eyes profitability in the next two years

Kenya Power aims to double customers on smart meters

Kenya Power is eyeing the installation of smart meters at the premises of 75,000 small and medium enterprises (SMEs) this financial year.

By Macharia Kamau 1 month ago

Kenya Power aims to double customers on smart meters

Used trucks, buses import ban revs up flagging auto industry

Kenya has stepped up efforts aimed at developing a robust local auto industry by banning the importation of second-hand buses and trucks.

By Macharia Kamau 1 month ago

Used trucks, buses import ban revs up flagging auto industry

Nairobi financial hub eyes to raise Sh230tr by 2030

NIFC, Nairobi Securities Exchange (NSE) and Air Carbon Exchange Group of Singapore also signed an agreement for the set-up of the first carbon exchange in the region.

By Macharia Kamau 1 month ago

Nairobi financial hub eyes to raise Sh230tr by 2030

Unease at Port of Mombasa as Swiss firm secures terminal nod

Comesa watchdog warns the deal lessens competition and might result in job losses. Kenya has for years had plans to cede operations of some port facilities to private sector players.

By Macharia Kamau 1 month ago

Unease at Port of Mombasa as Swiss firm secures terminal nod

Puzzle as maize imports triple but flour prices skyrocket

A biting shortage has seen Government suspend import duty and levies on maize. This is as a 2kg packet of maize floor price rises to about Sh210, up from Sh129 a year ago.

By Macharia Kamau 1 month ago

Puzzle as maize imports triple but flour prices skyrocket

Comesa watchdog probes Toyota over trade practices

CCC said the agreements between Toyota and its agents in different Comesa markets for the sale of new vehicles and spare parts tie down the agents.

By Macharia Kamau 1 month ago

Comesa watchdog probes Toyota over trade practices

Crisis as nearly half of NSSF staff to retire

Four in ten employees of the National Social Security Fund (NSSF) are about to retire.

By Macharia Kamau 1 month ago

Crisis as nearly half of NSSF staff to retire

Why Kenya's power sector is in a full time crisis mode

Since the appointment of Ms Yeda in July 2020, alongside another four directors after the exit of yet another four, the board has made headlines for various reasons.

By Macharia Kamau 2 months ago

Why Kenya's power sector is in a full time crisis mode

It's a roller coaster ride for local vehicle assemblers

Local vehicle assemblers produced 9,989 vehicles in 2021 but can produce 34,000 units over a single shift.

By Macharia Kamau 2 months ago

It's a roller coaster ride for local vehicle assemblers

Business confidence drops to a new low on inflation, poll jitters

This is the second consecutive month the business environment has deteriorated to record lows. Export demand, however, was more resilient as it grew at the fastest rate in three months.

By Macharia Kamau 2 months ago

Business confidence drops to a new low on inflation, poll jitters

Energy regulator eyes more revenue in new proposals

The Bill says this would only apply if Kenya's electricity grid attained the N-I reliability status, where it can to a certain degree withstand unexpected failure.

By Macharia Kamau 2 months ago

Energy regulator eyes more revenue in new proposals

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