BUSINESS NEWS Archives - Page 7 of 8

KenGen to benefit from climate action carbon credits

6Jul

By Nasra HusseinNo Comments

Business

KenGen to benefit from climate action carbon credits

The Kenya Electricity Generating Company is set to benefit from its Clean Development Mechanism (CDM) Projects further giving impetus to the company’s efforts to combat climate change. This follows the issuance of additional 309,495 Certified Emission Reductions (CERs) for the organisation’s Olkaria II CDM Project by the UN’s Framework Convention on Climate Change (UNFCCC), bringing the total amount of issued carbon credits to 550,981. Speaking on the issuance of the CERs, KenGen Managing Director and CEO Rebecca Miano said climate change has become one of the biggest global environmental challenges and has created an urgent need for mitigating against its effects. “KenGen has a dedicated team to spearhead environmental sustainability and contribute to the reduction of the ef...

Kenyans Express Frustrations after Safaricom Disrupts Mpesa services.

23Jun

By Nasra HusseinNo Comments

Business

Kenyans Express Frustrations after Safaricom Disrupts Mpesa services.

Kenyans have taken to their social media platforms to express frustrations and inconveniences after the telecommunication giant Safaricom's Mpesa services stopped working. Citing how their day-to-day activities have been affected by the Mpesa disruption, many called on Safaricom to expedite the fixing of the hitch which is costing many time and money. In the complaints on Twitter, some shared how they were shopping but could not pay for the goods or services owing to the disruption of Mpesa services. One Kenyan said he was stranded in hotels because they could not pay the bill. "Safaricom, some of us are stranded in hotels," he said. Collins Arap BETT said: "Never been held hostage like this before. The lady at the station trusted me and asked me to pay once the service is up and s...

Kenya Power unveils customer self-service portal.

21Jun

By Nasra HusseinNo Comments

Business

Kenya Power unveils customer self-service portal.

Kenya Power has launched a self-service portal to enable customers to conveniently apply for electricity connections from the comfort of their locations. Customers can use Kenya Power’s mobile phone App ‘My Power’ to apply for electricity or visit the self-service portal using a computer or a mobile phone. In a statement, Kenya Power Managing Director and CEO Bernard Ngugi said that when making their applications, customers will be required to submit land/property ownership documents, ID cards and PIN certificates through the portal. Once they apply, customers will get a reference number instantaneously that they can use to proactively query and track their application status via USSD code *977#. “The portal is in line with one of the Company’s core strateg...

14Jun

By Nasra HusseinNo Comments

local news

Businessman Chris Kirubi is dead

Businessman Chris Kirubi who is also the Chairman of Capital Group Limited is dead. Kirubi died at his home at 1pm after a long battle with cancer, the family confirmed on Monday. “It is with great sadness that we announce the passing of Dr. Christopher J. Kirubi who passed away today at 1 pm at his home after a long battle with cancer fought with fortitude, grace and courage. He was surrounded by his family," his family said in a statement. He has left behind two children. Details of his funeral will be communicated later. Before his death Kirubi had tweeted wishing his twitter followers a fruitful week ahead. "Top of the morning to you, my dear friend. It doesn’t have to be a tiring Monday. Instead, I bring to you good tidings of favour, success, achieveme...

Lamu Fishermen angry over Lapsset Compensation.

25May

By Nasra HusseinNo Comments

Business

Lamu Fishermen angry over Lapsset Compensation.

Fishermen affected by the Lamu Port (Lapsset) project have accused the national government of shortchanging them after failing to honour a promise to have them compensated before the port is operationalised. Last Thursday, President Uhuru Kenyatta officially commissioned the port in an event that saw the first cargo vessel dock at the facility’s first berth in Kililana, Lamu West. But speaking in Lamu, the fisher folks expressed disappointment that despite having been promised to be compensated before the Lamu Port is launched, nothing has been done. The port’s dredging activities caused the closure of many traditional fishing sites in Indian Ocean and subsequently left thousands of fishermen without a source of livelihood. Following a successful petition, the Malindi High Co...

23Apr

By Nasra HusseinNo Comments

Business

Toyota Kenya launches new SUV.

Motor distributor Toyota Kenya has launched the Urban Cruiser in the Kenyan market, the latest SUV in the the firm's product line-up . The new model retails from Sh2.7million inclusive of VAT. “The Urban Cruiser, embodies Toyota’s quality, durability, and reliability promise, with the vehicle designed for customers looking for SUV comfort,” said Toyota Kenya Managing Director, Arvinder Reel. Despite the effects of the Covid-19 pandemic, Toyota Kenya recorded a four per cent share growth in the market, excluding truck and buses. “We are therefore optimistic that the small car segment will continue performing well as we progress in the year,” said Reel. Toyota describes the Urban Cruiser as a combination of design, performance and technology offering consumers the c...

22Apr

By Nasra HusseinNo Comments

Business

Hoteliers urge Uhuru to reopen hotels.

Local hospitality industry players have called on the government to consider allowing hotels and restaurants to reopen immediately. The hospitality sector was hit hard after President Uhuru Kenyatta locked down five counties and closed restaurants and bars. “It is painful seeing staff stay home jobless yet they have families to support. It’s a pity that hotels and tourism industry players in Kenya are not given the ears required," PrideInn Group Managing Director Hasnain Noorani said. In 2020, when the President first announced measures to prevent the virus from spreading, the monetary and fiscal authorities followed up with a number of measures to safeguard businesses and individuals from the ensuing economic hit. “The government has been silent on measures to give busine...

21Apr

By Nasra HusseinNo Comments

Business

Water supply in Nairobi CBD shut down.

Water supply to the entire Central Business District has been shut down due to a pipe damage, Nairobi water has said. In a notice on Wednesday, the Water company said the damage of the pipes was done by the Express Way Contractor. "The line has been shut to pave way for repairs. Bear with us as we work to restore supply in the shortest time possible," they said. The ongoing construction of the Sh62 billion Nairobi Expressway which has gained pace has in the past interrupted the water supply in Nairobi. The tunnel alone is being constructed for Sh6.8 billion, the treatment plant at Sh6.5 billion, while the pipeline will cost Sh4.6 billion. The tunnel starts at Ichichi in the Kangema sub-county, runs through Kigumo before joining the Ndaka-ini dam in the Gatanga sub-count...

15Apr

By Nasra HusseinNo Comments

Business

Uhuru bows stops fuel price rise.

A last minute intervention by the National Treasury after public uproar on expected fuel prices increase forced the energy agency to retain pump prices. A letter from the Exchequer addressed to acting Energy and Petroleum Regulatory Authority director Daniel Kiptoo indicated that the government will compensate oil marketers. "The purpose of this letter is therefore to authorise EPRA to publish fuel prices for the period March 15 to April 14 to apply for the period April 15 to May 14," the letter reads in part. A litre of petrol will continue trading at Sh122.81 in Nairobi, diesel Sh107.66 and a litre of Kerosene to retail at Sh97.85 for the one month to May 14. This, despite the landed cost of petrol increasing 9.27 per cent to $4491.50 per cubic me...

Apple will launch new products on April 20

14Apr

By Nasra HusseinNo Comments

Business

Apple will launch new products on April 20

Apple is set to host its first product launch of the year next week, and it’s expected that it will be announcing an updated iPad Pro as well as new AirPods. The company on Tuesday sent out press invitations for a virtual event — with the tagline “Spring Loaded” — that will take place on Tuesday, April 20, at its Apple Park headquarters in Cupertino, California. Apple’s Siri had actually revealed the date ahead of the official announcement, giving it as an answer to users who asked when the company will host its next big product launch. Apple is expected to introduce a refresh to its iPad lineup: an updated iPad Pro with a super-bright LED display and a redesigned iPad mini with smaller bezels and a larger display, according to Bloomberg. The company is also re...