Energy - Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya

Kajiado companies reject bill allocating 1 per cent of their profits to CSR initiatives

A section of investors operating in Kajiado County have raised concern over the County Corporate Social Responsibility Bill, 2024 which is now in public participation stage. The bill wants companies to allocate 1 per cent of their profit to CSR in every financial year. It also details that every company shall reserve to residents of…

Stima Sacco assets hit record KSh59.1 billion in 2023

Sacco Review4 weeks ago03 mins

Stima DT Sacco has Sacco achieved remarkable growth across all key indicators in the year ended December 31, 2023, this was revealed during the Sacco’s Investors briefing meeting in Nairobi. The Sacco which turns 50 years this year paid members dividends at a rate of 15 per cent and rebates at 11 per cent. This…

KenGen profit falls 9.2 per cent on weak shilling

Sacco Review2 months ago2 months ago04 mins

Kenya Electricity Generating Company (KenGen) has reported a 9.2 per cent drop in net profit in first-half earnings compared with the same period a year earlier. The listed firm reported KSh2.96 billion in net profit for the six months to December 2023. This profit drop from the KSh3.26 billion reported in a similar period last…

Electricity producers risk hefty fines over flouting new rules

Sacco Review6 months ago6 months ago02 mins

The Energy and Petroleum Regulatory Authority (EPRA) has reiterated that any individual seeking to sell electricity must be registered with the organization. David Kariuki, EPRA Deputy Director, Energy Planning said that those who will not adhere to the directive shall risk paying hefty fines. Kariuki was speaking during a stakeholders’ meeting in Kisumu where he…

Taita Taveta residents urged to embrace clean cooking energy

Sacco Review6 months ago6 months ago05 mins

Taita Taveta County residents have been urged to transition to clean cooking energy solutions in a bid to conserve the environment, address climate change and save costs used in fuel energy. Speaking on Monday during the closing of a four-day workshop at Voi on the formulation of the Taita Taveta County Energy Plan organized by…

KenGen records Ksh5B in profits, plans to increase power production

Sacco Review6 months ago6 months ago04 mins

The Kenya Electricity Generating Company (KenGen) has reported a 48% growth in profit after tax for the Financial Year (FY) ended June 30, 2023, surging to Ksh5.02 billion up from Ksh3.4 billion in the previous FY. It also reported a 14% growth in revenue from Ksh47.48 billion in 2022 to Ksh53.96 billion largely spurred by…