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

Gov’t moves to turn industrial hubs into job engines

Sacco ReviewOctober 7, 202606 mins

Government targets full operation of 290 industrial centres Power connections emerge as a major hurdle facing the centres CIDCs have already supported thousands of jobs and MSMEs The government is stepping up efforts to operationalise Constituency Industrial Development Centres (CIDCs) across the country as it seeks to take manufacturing, value addition and business opportunities closer…

Kenya to pay higher tariffs for Ethiopian electricity under renewed deal

Sacco ReviewJuly 16, 202604 mins

Kenya Power raises Ethiopia power import tariff to about Ksh 20 per unit. Ethiopian electricity now supplies over 10% of Kenya’s grid. Kenya plans to expand Ethiopian power imports to Marsabit and Mandera. Kenyan electricity consumers face a new cost reality after Kenya Power agreed to pay approximately Ksh 20 (15.5 US cents) per kilowatt-hour…

Governors pledge collective action on water security, environmental sustainability and climate resilience

Sacco ReviewNovember 11, 202406 mins

Governors of the Lake Region Economic Bloc have reaffirmed their collective obligation to secure access to clean and safe water for all residents in their respective counties. They said Water security is essential for social and economic development and remains a basic human right. The governors committed to expanding water service coverage and improving sanitation,…

Kenya Power makes profit of KSh2 for every KSh100 you pay

Sacco ReviewMay 24, 202403 mins

According to Joseph Siror, the managing Director of the Kenya Power and Lighting Company (KPLC), for every KSh100 paid by customers, KPLC receives only KSh2 or less as profit. He also stated that most of the money goes to the generation of electricity. “For every KSh100 that you pay in the bill, 65 per cent…

Loan defaults hit guarantors hard

Sacco ReviewJuly 1, 2021July 1, 202108 mins

By Sammy Chivanga Just as the name suggests, Savings and Credit Co-Operative Societies (Saccos) are about members cooperating to create a pool of savings from which to borrow for growth. The Sacco movement in Kenya is founded on trust because people mobilise money and take loans at attractive interest rates to achieve their dreams. But…