Tag: kenya power
Kenya Power has since last year been engaging the Energy and Petroleum Regulatory Authority (EPRA) on the application it made last September seeking a revision of tariffs to cushion it from losses and supplier defaults. Ken Gichinga, Chief Economist at Mentoria Economics joins CNBC Africa for more.
Kenya Power has opened talks with the energy regulator to increase electricity prices by 20 per cent after the State softened its earlier stand against higher tariffs.
Kenya Power’s pre-tax profit for the year ended June 2019 dropped by 93 per cent to $3.31 million, attributing the drop to the higher costs of buying electricity. Also, the unaudited results for the six month period ending December 31, 2019 the East African Portland Cement made $15.6 million loss after tax, with sales revenues up 8 per cent to hit. The Competition Authority of Kenya has approved the proposed acquisition of control of Gulf Energy Holdings Limited by KenoL Kobil PLC. David Kingoo, Manager at Cytonn Investments joins CNBC Africa for more.
Kenya's energy watchdog has cut retail electricity prices for large manufactures in a bid to make the country more competitive for FDIs when compared to other African countries. Investment Analyst, Rodney Omukhulu joins CNBC Africa's Arnold Kwizera for more.