Suspicion of a cover-up at Stima Sacco intensifies the narrative. Whispers in Nairobi’s financial circles point to a faction of the board—meant to protect members’ interests—as potential architects of a cleanup effort gone awry.
The government shot down a proposal by Kenya Power to single-source three international legal and consultancy firms the utility company had picked to review expensive power purchase agreements (PPAs) blamed for high consumer bills. Government’s reason for the red flag on McKinsey might have just been lame from the bull’s eye target shot. Members of […]
The state appears to be uncomfortable with parastatals engaging international consultancy firms in matters auditing and realignments. Parliament has directed Auditor-General Nancy Gathungu to order all parastatals under the Ministry of Energy including Kenya Power and KenGen to stop hiring private auditing firms. The National Assembly raised the red flag that State corporations under the […]
The Supreme Court in Nairobi delivered a landmark ruling on the extradition to Jersey Island of Chrysanthus Barnabas Okemo and Samuel Kimunchu Gichuru. Mr. Okemo served as the Minister for Energy in the Kenya Government between 1999 and 2001 and Gichuru was the managing director of the Kenya Power and lighting Company got decades. The […]
The cartels are said to have artificially created power shortages then introduced the so-called Independent Power Producers (IPP) which took over the production of power using diesel generators at a much higher cost Kenya Power and Lighting Company (KPLC) face monumental operational losses blamed on graft cartels from within the company and to an extent, […]
Kenya Power CEO Bernard Ngugi has stepped down and has been replaced by the General Manager customer service Engineer Rosemary Oduor. The electricity supplier, however, did not reveal the reasons for Mr Ngugis surprise exit but sources indicated boardroom wrangles forced his ouster. Kenya Power has had four CEO’s in just four years a huge […]
The court has ordered Kenya Power to pay a boy in Meru more than Sh15 million as damages for the injuries he suffered after he was electrocuted while looking after his parent’s cattle. Justice Francis Gikonyo ordered the electricity retailer to pay the boy a sum of Sh15,729,500 as damages for pain, suffering and loss […]
The loss making Kenya Power is planning to introduce electric car charging stations as part of its initiatives to open up more revenue earning streams as the world moves from a fossil fuel-driven economy to one that is sustainable, green and attempts to mitigate climate change. The electricity retailer plans to build charging stations and […]
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