Uchumi clears Sh500 million debt to suppliers
Uchumi clears Sh500 million debt to suppliers Retail chain Uchumi Supermarkets says it has so far cleared Sh500 million debts owed to its suppliers as part of its turnaround plan that involves restocking its shelves. The retailer has in recent months suffered low supply of commodities…
Kenya Airways defends air ticket pricing against rivals
Kenya Airways defends air ticket pricing against rivals Kenya Airways has defended its higher air ticket prices relative to other airlines. KQ chief executive Mbuvi Ngunze on Thursday said the airline’s tickets are only priced higher during peak demand, when travellers book late and according to quality…
Mumias Sugar in more trouble with losses past Sh3bn
Mumias Sugar in more trouble with losses past Sh3bn Troubled sugar maker Mumias has sunk deeper into losses, triggering yet another profit warning. The management expects it to record losses of at least Sh3.4 billion this year, more than 25 per cent higher than the…
CAK warns Safaricom on M-Pesa fees
CAK warns Safaricom on M-Pesa fees The Competition Authority of Kenya (CAK) has ordered telecoms operator Safaricom to make public its Lipa na M-Pesa charges for businesses that levy a commission on the value of payments made through the system. Francis Wang’ombe, the CAK director-general,…
Electricity users to pay more as levies hit record highs
Electricity users to pay more as levies hit record highs Consumers face a double-barrelled increments in their August power bills as after the energy regulator moved to significantly raise fuel and currency fluctuation levies. The Energy Regulatory Commission (ERC) has adjusted fuel cost on electricity consumed…
Shilling slump and oil price rebound raises cost of fuel
Shilling slump and oil price rebound raises cost of fuel Motorists took a big hit from Thursday’s monthly review of petroleum prices, which will see them pay Sh3.54 and Sh1.86 more per litre of super petrol and diesel respectively. Energy Regulatory Commission (ERC) announced that super petrol will retail…
Our Projected Fuel Prices
The Energy Regulatory Commission (ERC) is today, expected to announce reviewed fuel prices for the period starting 15 January 2013 to 14 February 2013. Here’s what you should expect to see happening. As posted by Abu Dhabi National Oil Company, the Free On…
Price of Petrol Drops by KES 1.07 While Kerosene Increases by KES 1.57
The ERC has released this period's oil prices. Super petrol in Nairobi will retail at KES 112.61 from KES 113.68. Diesel will retail at KES 105.79 down from KES 105.85 while the price of kerosene will increase to KES 86.44 from KES 84.87.
Compulsory Hot Water Solar Systems for Big Consumers
Now the government has another thing coming...tough regulations to force institutions that use large amounts of hot water to install solar systems. Through the Ministry of Energy, the government wants you to copy a few things here and there as it regards to installation of solar water heating systems. Read on
International Oil Prices Drop, Shilling Weakens, What Next For Local Fuel Prices?
The Energy Regulatory Commission (ERC) is today, expected to announce reviewed fuel prices for the period starting 15 December 2012 to 14 January 2013. Based on the recent drop in international oil prices and the depreciation of the Shilling over the month of November, what should…
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