Author: Muindi

Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.

Electricity demand in Kenya has surpassed November 2021’s demand, with the peak in May being 2,051MW up from 2,036MW recorded in November 2021. KenGen, Kenya’s biggest electricity producer says this points to accelerated growth and recovery in demand which slowed down in the wake of the COVID-19 pandemic. The new peak demand was recorded on 12th May 2022 in the Daily System Operation and Dispatch Analysis Report by Energy and Petroleum Regulatory Authority (EPRA). This growth was driven mainly by renewable energy sources with geothermal energy making the greatest contribution, giving a further boost to Kenya’s climate action agenda. According…

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I&M Group PLC reported a rise of 44 percent in its consolidated profit after tax at Ksh 2.7 billion compared in the quarter ended March 2022 compared to Ksh 1.9 billion in the same period in 2021. The Group’s balance sheet and income metrics improved on the backdrop of a solid capital base and strong liquidity. The Group’s balance sheet grew steadily with total assets growing by 18%.  The loan portfolio grew by 13% to Kes. 218.4 billion as at 31st March 2022 and Government securities were up by 21%. The net non-performing loans decreased by 31% year on year…

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