Kenya Power on Friday reported a net profit of Ksh 3.2 billion for the half-year trading period ended 31 December 2021, compared to KShs 138 million in a similar period in 2020. It attributed the growth to an increase in electricity sales, enhanced system efficiency, and lower operating costs. Electricity sales recorded a 366GWh increase to 4,562GWh, an 8.7percent growth compared to a similar period last year. This was driven by an increase in customer connectivity, as well as improved supply quality and reliability due to enhanced preventive maintenance works, network refurbishment, and accelerated faulty meter replacements. This, combined with…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
The pick of Premier League matches in this curtailed round (due to the Carabao Cup final between Chelsea and Liverpool at Wembley Stadium on Sunday 27 February) sees Everton welcome Manchester City to Goodison Park on Saturday evening. The Toffees have endured a tough campaign and parted ways with manager Rafael Benitez last month, before installing Premier League legend Frank Lampard as their new boss. The former England international midfielder knows that the Citizens will be tough opponents, but he is determined to make Everton a relevant force again. “I understand in the short term the job is to improve…
We love making the most of the online world. It offers a host of benefits and opportunities and is an exciting place to explore. But we can’t ignore the threats associated with an increased digital lifestyle. With internet fraud, cybercrime, and online predators, the internet can be a scary place. Protecting kids from these untoward threats is a top priority. That’s why initiatives like Safer Internet Day were established to promote the responsible and secure use of technology. While the day takes place annually in early February, aiming for safer internet experiences should be integrated into everyday life. Here are…
Absa Bank Kenya has extended its sponsorship Magical Kenya Open (MKO) golf tournament in 2022 with Ksh 56 million. This makes the bank the official presenting partner of the prestigious golf tournament. This is the 11th year that Absa Bank is sponsoring the international tournament, which is part of the European Tour now called the DP World Tour. The 2022 Magical Kenya Open, happening between 3 March to 6 March 2022, will take place at the historic Muthaiga Golf Club, which has so far hosted 40 previous seasons including the tournament’s first edition in 1967. https://twitter.com/KenyaOpenGolf/status/1494640724343771136?s=20&t=9Z0tFlWvb1i280pi-47kFw The event brings together…
Fans of the WWE can gear up for another thrilling Pay-Per-View event, the Elimination Chamber, which will be held at the Dome at the Jeddah Super Dome in Saudi Arabia on the evening of Saturday 19 February 2022. SuperSport will air the event live and feature repeats on Sunday 20 February. No rival can compete with SuperSport’s coverage. Our viewers on DStv and GOtv have found their #HomeOfSport. The Elimination Chamber structure is a steel enclosure placed over the ring which then features four smaller enclosures in each corner. For each Elimination Chamber match, two or three participants (or tag…
Manchester City host Antonio Conte’s Tottenham Hotspur in a heavyweight Premier League clash at the Etihad Stadium on Saturday evening The pick of Premier League matches for this round sees Manchester City host Tottenham Hotspur at the Etihad Stadium on Saturday 19 February. This clash sees the Citizens looking to stay on course for a second successive title triumph, while Spurs are looking to boost their hopes of finishing in the top four come to the end of the season. “We will do everything to try to reach the [Champions League],” said Tottenham manager Antonio Conte. “But to use this…