Kenya Power has dashed commercial banks and other third parties’ hopes of renegotiating fresh contracts to sell prepaid electricity tokens, in a decision that will restrict the lucrative deal to …
Energy
- Banking, Finance & InvestmentEconomyEnergyKenya News
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South African court stops energy giant Shell from seismic survey along wild coast
A South African court has delivered a judgement putting an end to the use of seismic waves by energy giant Shell to explore for oil and gas off the Wild …
- AfricaAFRICA NEWSBusinessEgyptEnergyNewsNorth AfricaNorthern Africa
Saudi firm to build $3.5B green ammonia facility in Egypt
A Saudi company, Alfanar has signed an agreement with a consortium of Egyptian companies to build a $3.5 billion green ammonia plant plant in Egypt. The Egyptian side of the …
- Eastern AfricaEconomyOil & Gas
Total Energies Kenya H1 Profit Declines by 55pc On High Cost Of Crude Oil and Weak Shilling
Total Energies Kenya has reported a 55 per cent drop in earnings for the half year ended June 30 attributed to the high cost of crude oil globally and a …
- Eastern AfricaEconomyFood ProductionOil & Gas
Food and fuel prices surge as Inflation rate hits 8.5pc in Kenya
Consumers endured the sharpest rise in the cost of living in more than five years in August, amid a failed maize flour subsidy, rising fuel costs and a weakening shilling. …
- Banking, Finance & InvestmentEconomyEnergyKenya News
Kenya Power blocks third-party vendors from selling tokens
Kenya Power has locked out banks and third-party vendors from selling tokens for pre-paid customers over increasing complaints on delays and cases of billing fraud. The State-owned power utility on Tuesday …
- AfricaAFRICA NEWSBusinessEgyptEnergyNewsNorth AfricaNorthern AfricaTechnologyTransportation & Logisitics
All fleet trucks serving Lafarge Egypt to run on natural gas in new partnership with Ostool
Lafarge Egypt, a member of Holcim Group, has entered into a partnership with Ostool for Land Transportation, a subsidiary of Raya Holding for Financial Investments (RAYA), to convert all fleet trucks serving …
- Eastern AfricaEconomyEnergy
Kenya Power Accused Of Locking Out Local Manufacturers In Procurement Process
The Energy Meter Assemblers and Manufacturers Association is protesting being locked out of the procurement of power distribution products by energy utility firm Kenya Power. The Association in a letter …
- AfricaAFRICA NEWSBusinessBusiness and EconomyEnergyNewsNigeriaWestern Africa
Nigeria signs deal with Turkish firm to increase energy supply
The Nigerian Bulk Electricity Trading (NBET) Plc says it has signed a partnership deal with Energy Exchange Istanbul (EXIST), a Turkish energy firm, to ramp up energy generation and supply. Over the …
- AfricaAFRICA NEWSBusinessEconomyEnergyTransportation & LogisiticsWestern Africa
Nigeria to begin manufacturing electric automobiles in 2023
Nigeria has entered into a partnership with Israeli and Japanese companies to commence assembling and manufacturing environmentally friendly, green, electric, and smart automobiles by 2023. The National Agency for Science …