Smart Times

PHOTO: Joseph Siror , Kenya Power Managing Director and CEO  NAIROBI, Kenya Feb 26... The improved profitability was driven  by growth in revenue resulting from increased electricity sales as well as implementation of a cost reflective tariff  During the period under review, revenue from electricity sales rose up by 31 percent to Ksh 113.6 billion , the company commenced deployment of Rapid Results Initiative (RRI) which is meant to fast track meter installation for new connections across the country as a measure to drive customer connectivity and grow electricity sales  "I am glad to note that our sales growth was driven by our deliberate effort to grow our customer numbers, having surpassed  our connectivity target for the half year period by 13.87 percent with a total of 225,000 new customer to the grid" said Joseph Siror, Kenya power managing director and CEO  Over 240 GWh increase in electricity units purchased and dispatched from renewable...

NAIROBI, Kenya Feb 25... Kenya Breweries Limited (KBL) through Diageo Bar Academy, the industry leading program offering world class training for bar professionals held a celebration for bartenders in Kenya in honor of the annual World Bartender Day marked globally on 24th February. The day celebrates the bartender, one of the world's oldest professions, and gives us all a chance to raise a glass to the masters behind the bar. For this year’s celebration, Diageo Bar Academy brought together the bartending community in Kenya through a month-long activation The internal engagement included, “The Big Shake”, calling on all staff across the business to team up and make the signature “shake” in honor of bartenders, consumer appreciation videos and social content exploring the realities of bartending. To further reach the wider bartending community, the program engaged bartenders across the country in an online cocktail competition that saw participants submit videos making t...

PHOTO: Prof. Njuguna Ndungu , Cabinet Secretary Treasury and Economic Planning  NAIROBI, Kenya Feb 14... This will armotize in three equal installments in 2029, 2030 and 2031 resulting to weighted average life of 6 years, the 2031 Eurobonds have an issue price of 97.270 percent yielding to 10.375 percent. Kenya received strong demand, with a high quality order book exceeding $6 billion allowing for tighter pricing and an increased issuance compared to initial guidance  Eurobonds 2031 proceeds will fund the offer to buy Kenya's existing $2 billion eurobonds due in 2024 pending demand in the tender offer, results are expected on February 15 2024 In addition the combined transaction are crucial parts of government strategy to smoothen maturity profile of 2024 Eurobonds and proactively manage debt liabilities  The remaining portion of the 2024 Eurobonds not purchased in the tender offer will be funded through a mix of government funds and financing from multilater...

NAIROBI, Kenya Feb 1... Ministry of Health(MoH) launches partnership for Education of Health Professionals (PEP) Programme at KMTC Gatundu Campus The initiative aims to revolutionize healthcare education and combat CardioMetabolic Diseases (CMDs) in the country. Health Cabinet Secretary Nakhumicha S. Wafula, alongside CS Public Service  Hon Moses Kuria and PS Public Health and Professional Standards Mary Muthoni, expressed profound gratitude to the Novo Nordisk Foundation for their invaluable support.  The CS emphasized the pivotal role of the Kenya Medical Training College (KMTC) in driving the implementation of this transformative programme “In light of the escalating global health threat posed by CMDs, particularly CardioVascular Diseases (CVDs), Kenya faces an urgent need to address these challenges, ” stated Nakhumicha She further highlighted government's dedication under leadership of President William Ruto, to enact legislation aimed at healthcare reform and...