(NAIROBI, KENYA) – Djibouti’s state-owned geothermal agency has offered to pay Kenya Electricity Generating Company (KenGen) about KES 129 million ($1 million) as a first instalment towards a five-year-old debt from a geothermal drilling contract. KenGen says in its latest annual report that the Djibouti Office of Geothermal Energy DevelopmentContinue Reading
(NAIROBI, KENYA) – Nigerian billionaire Aliko Dangote has acquired a 24.76% stake in Kenya Pipeline Company (KPC) for KES 42.5 billion ($328 million), outmanoeuvring global oil majors that had stalled on the deal. The acquisition makes Dangote the second-largest shareholder in KPC behind the Kenyan government. It also positions himContinue Reading
(NAIROBI, KENYA) – Kenyan electric mobility manufacturer Lunghou Teketeke Group is targeting dairy farmers with electric motorcycles and cargo tricycles that it says can cut milk transport costs by up to 80%, as high logistics expenses weigh on milk production economics. The company says farmers using petrol powered motorcycles spendContinue Reading
(DAR ES SALAAM, TANZANIA) – Tanzania’s Amsons Group has acquired the Tanzanian downstream business of Geneva-based Oryx Energies in a deal worth more than $230 million (KES 29.9 billion), giving the local conglomerate control of key fuel storage, retail and distribution assets in the country. The transaction transfers Oryx’s retailContinue Reading
(NAIROBI, KENYA) – Indian electric mobility firm SUN Mobility plans to double its Kenyan battery swapping network to about 70 stations and support more than 1,000 vehicles by the end of 2026, as it positions Kenya as its launchpad for expansion across East Africa. The company has established 35 batteryContinue Reading
(NAIROBI, KENYA) – A Kenyan gas cylinder manufacturer has relocated to a larger factory and restructured its board and shareholding, one year after the death of its founder Raila Odinga, as the family owned business group adjusts to new leadership. East African Spectre, the 50 year old gas cylinder manufacturer,Continue Reading
(NAIROBI, KENYA) – Monthly electricity bills for homes and businesses newly connected to Kenya’s national grid have fallen below KES 1,000 ($7.72), reflecting low consumption patterns among households recently linked to the network. Official data shows that customers connected by Kenya Power in the year ending June 2026 spent anContinue Reading
(NAIROBI, KENYA) – The number of Sacco accounts holding deposits above KES 1 million ($8,500 / GBP 6,500) rose 10% to 154,000 last year, even as most savers continued to hold balances below KES 50,000 ($425 / GBP 325), highlighting persistent inequality in Kenya’s savings sector. Data from the SaccoContinue Reading
(LAMU, KENYA) – Engineering and technology contracts worth more than $100 million (£78 million) have been awarded for Kenya’s $16 billion (£12 billion) oil refinery project in Lamu, as construction began on what will be East Africa’s largest industrial facility. India’s state-owned Engineers India Limited secured a contract exceeding $450Continue Reading
(NAIROBI, KENYA) – Total Kenya has been ordered to pay KES 20.7 million ($160,000 / GBP 123,000) to a former dealer after the High Court found the oil marketer continued using his business name, tax identification number, telephone number and email address for about 230 days after their business relationshipContinue Reading
