In a significant development this week, Aliko Dangote, a prominent Nigerian businessman, inaugurated Africa’s largest petroleum refinery. With a daily processing capacity of 65,000 barrels of petroleum, this privately owned refinery is set to revolutionise Nigeria’s fuel industry. The country, despite being an oil producer,
Earlier this month the High Court in London dismissed a climate-based lawsuit against the Board of Directors of Shell company for failure to act responsibly in strengthening the company’s energy transition strategy. The court in its ruling argued that the principal role of directors is
The recent proposal to increase the Value Added Tax (VAT) imposed on petroleum from a rate of 8% to 16%, is bound to impact fuel prices and is poised to reverberate across various sectors of the economy. The VAT rate of 8% on petroleum products
The announcement by Kenya Power to start building charging ports for electric vehicles has renewed the conversation on e-mobility in Kenya. Beginning next month, Kenya Power is set to commence the construction of electric charging systems for homes, businesses, and the public across the country.
The Covid-19 pandemic led to the sabotage of the global supply chain hence hiking of fuel prices. This in return led to the spiral effect spilling to other sectors of the economy thus pushing up the cost of living. In a statement, National Treasury CS
Kenyans can now smile as the Legislatures have moved to forestall a looming economic crisis by adding the Ministry of Petroleum and Mining Kshs 15 billion to fund the fuel subsidy programme. The skyrocketing fuel prices always lead to hiked prices of basic commodities hence
The Public Investments Committee of the National Assembly has called upon the Ethics and Anti-Corruption Commission (EACC) to investigate the Kenya Electricity Transmission Company Limited (KETRACO) management over delays in the construction of a transmission line to connect the Lake Turkana Wind Power plant to
On 5th June 2022, individuals, communities, civil societies, businesses and governments worldwide came together to mark World Environment Day under the theme #OnlyOneEarth. Stockholm held official celebrations where the host country Sweden announced a ban on issuing new licenses to extract coal, oil, and natural
Energy is vital for the economic progress of a country. It has a significant impact on all aspects of development, ranging from environment, social, economic, agriculture, population and livelihood. The COVID-19 pandemic also served to catalyse digitalisation of all aspects of economic activities. . Kenya’s
Power consumers are set to enjoy lower electricity costs following the gazettement of an amended schedule of tariffs set by the Energy and Petroleum Regulatory Authority (EPRA).
Kenyans are not likely to rest easy at the pump anytime soon due to the looming threat of fuel shortages and increasing fuel prices. The cause of the shortage has been attributed to the unscheduled discharge of a vessel ferrying 30,000 tonnes of Premium Motor
Over the last decade, the top four emitters, China, US, EU and India, have contributed to 55% of the total greenhouse gas (GHG) emissions, with the G20 members accounting for around 78% of global GHG emissions. Consequently, the G20 members largely determine global emission trends
With COP26 scheduled to begin in Glasgow between October 31 and November 12, over 50 coordinated finance actions have been planned during which demonstrators shall engage in street marches, hold banners, organize projections, street murals, vigils and other kinds of creative demonstrations to demand that
Despite the proposal by the Presidential Task force on the Review of Power Purchase Agreements to reduce the cost of electricity, the government is likely to come across headwinds. The government will have a hard time reducing the cost of electricity by 33% because the
On September 29th 2021, H.E. President Uhuru Kenyatta directed the Cabinet Secretary, Ministry of Energy, to implement the recommendations of the Presidential Taskforce on Review of Power Purchase Agreements. The Taskforce was constituted vide Gazette Notice No. 3076 of 29th March, 2021, following public
It’s time to move on from fossil fuels! When we think of the oil and gas industry, sustainability is probably the last word that comes to mind. Oil and gas are not inherently sustainable. Companies dealing in oil and gas need to innovate their way
In Kenya’s national finance cycle, the Energy, Infrastructure and ICT Sector (EII) comprises nine sub-sectors namely: Energy and Petroleum; Infrastructure; Transport; Shipping and Maritime; Housing and Urban Development; Public Works; Information Communication and Technology; Broadcasting and Telecommunications. The Sector aims at providing efficient, affordable and
Kenya Power has recorded losses in the last financial year and according to KPLC, the losses were due to top clients turning to solar as a source of energy. Clients such as factories, universities and companies who according to Business Daily on Friday 20th of
