N e w s

ERC rejects Kenya Power bid for Sh2.6bn tariff rise

 The energy sector regulator has shot down a Kenya Power application for electricity tariff increase that would have seen consumers’ bills increase by Sh2.6 billion every month.   This is the second time since last year that Kenya Power has unsuccessfully sought approval of the Energy Regulatory Commission (ERC) to raise power charges.   The electricity distributor says a tariff increase is necessary to cover surging.... Read more »

Posted on : Tuesday , 12th September 2017

A wind farm of epic proportions is taking shape in Africa

 In Kenya, efforts to produce wind power on a grand scale are underway. The Lake Turkana Wind Power project is a 12-hour drive from Nairobi and, once operational, is set to provide 310 megawatts (MW) of renewable power to the Kenyan national grid.   "It is the largest wind farm in Africa (and) it has 365 turbines," Carlo Van Wageningen, director and board member at Lake Turkana Wind Power, told CNBC's Sustainable Energy on.... Read more »

Posted on : Tuesday , 12th September 2017

Kenyan offshore patrol vessel handed over

 Bangladeshi shipbuilder Western Marine Shipyard (WMS) has handed over the offshore patrol vessel MV Doria for Kenya's Ministry of Fisheries, Livestock and Agriculture at its facilities in Bangladesh, and will sail it to Kenya at the end of this month.   The handover ceremony on 13 August was attended by Bangladesh’s Finance Minister Abul Maal Muhith and Managing Director of WMS Sakhawat Hossain, at the company’s shipyard.... Read more »

Posted on : Tuesday , 12th September 2017

East Africa: Total Seeking Kampala-Dar Pipeline Route for Kenya Oil

 French oil giant Total, which is consolidating its position in the region's extractives sector through its full acquisition of Maersk Oil and Gas stake in Kenya's South Lokichar oilfields, plans to push for discussions that would see Kenya's oil transported through the Uganda-Tanzania pipeline.   Such a decision, still at the wishful thinking stage, would have far-reaching implications for Kenya's grand infrastructure project -- the.... Read more »

Posted on : Tuesday , 12th September 2017

Lobby raises red flag over Totalís role in oil plan

 Festering differences between the Energy ministry and French oil major Total could disrupt Kenya’s upstream oil industry even before it begins commercial production, an industry lobby has warned. The French firm last month acquired Maersk Oil’s global business, giving it a 25 per cent stake in the three blocks in Lokichar that are being readied to start oil production. It will partner with Tullow Oil – which is the.... Read more »

Posted on : Tuesday , 12th September 2017

Nock eyes buyers of Nairobi oil terminal

 National Oil Corporation of Kenya (Nock) has put on sale its multi-million shilling Nairobi petroleum depot, just eight years after expanding the facility to match growing fuel storage demand.   The State-owned oil marketer said it had received a bid for an outright acquisition of the terminal that also has a truck loading facility and a warehouse.   “In this regard, National Oil is interested in engaging the services.... Read more »

Posted on : Tuesday , 12th September 2017

Kansai Plascon acquires Sadolin Paints Kenya in a deal worth over $100m

 Kansai Paint is a global company with major operations in Japan, China, Asia, the Middle East, Europe and Africa. Its product offering covers the decorative, industrial, protective coatings and automotive segment. It has research and development facilities in Japan, India and South Africa.   Speaking during a press briefing, Kansai Plascon Kenya Managing Director Jamil Virjee  said: “We are thrilled at this acquisition..... Read more »

Posted on : Tuesday , 12th September 2017

VW SA mobilises team to drive sales elsewhere in Africa

 Thomas Schaefer, the chairman and managing director of Volkswagen Group South Africa, said a team was established last month that would go from country to country to assess opportunities.   The establishment of the team follows Volkswagen South Africa earlier this year assuming responsibility for developing and networking 49 states to form the new sub-Saharan Africa region in the Volkswagen Group as part of a rationalisation.... Read more »

Posted on : Tuesday , 12th September 2017

Simba Corp to acquire full control of vehicle assembler

 Simba Corporation is set to take full ownership of Mombasa-based Associated Vehicle Assemblers (AVA) after it received regulatory approval to acquire the stake held by Marshalls East Africa.   The AVA is currently owned on a 50/50 basis by Simba and Marshalls.   In a press statement, Competition Authority of Kenya (CAK) said it had granted Simba conditional approval to “acquire control” of the vehicle assembly.... Read more »

Posted on : Tuesday , 12th September 2017

Market competition for commercial vehicles intensifies

 Rising urbanisation is encouraging unprecedented infrastructural developments in Africa, especially across the construction and oil and gas sectors. Frost and Sullivan report that this is strengthening the regional market for commercial vehicles (CVs) like rigid trucks and flatbed trailers. Asian original equipment manufacturers (OEMs) such as Isuzu, Mitsubishi, Dongfeng, Sinotruk, Tata and Ashok Leyland have started making rapid inroads.... Read more »

Posted on : Tuesday , 12th September 2017

New Jaguar models to be electric in 2020

 The carmaker said that the first of the new models would be a fully electric vehicle, the Jaguar I-Pace, to go on sale in 2018.   JLR chief executive Ralf Speth said the move was aimed at “giving customers even more choice”.   The firm, Britain’s biggest carmaker, is owned by India’s Tata.   In July, Chinese-owned firm Volvo said all its new models would have an electric motor from 2019, one.... Read more »

Posted on : Tuesday , 12th September 2017

KenGen appoints Rebecca Miano acting CEO after Mugo retires

 KenGen has named Rebecca Miano the first female acting MD and CEO in its history, following Albert Mugo's retirement on August 25.   Miano takes office immediately, chairman Joshua Choge said in a notice on Friday.   Miano is the first woman to hold the position since the company was established. She had been serving as the company's secretary and legal affairs director since 2008.   Mugo held the top job since January.... Read more »

Posted on : Tuesday , 12th September 2017



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