Browsing: KPLC

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Kenya’s business activities of significance

Investing

East African Breweries Plc is seeking to raise KSh11Bn shortly after they retired their KSh6Bn Medium Term Note (MTN) on the 28th of June. (The early redemption was averred as part of their balance sheet and costs of funds optimization).

The five-year tenure - with an interest rate of 12.25 per cent p.a. - was in line with our projection of a near term corporate bond issue.

The rationale behind this was the contemporary high costs attached to the alternative sources of income against the backdrop of the pandemic impact on the macroeconomic environment.…

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Renewable energy Uganda

More than a million Kenyans to have access to solar energy

Countries

More than one million Kenyans in the 14 marginalised counties will get access to solar and clean cooking solutions thanks to a new partnership between World Bank and the Kenyan government.

The Kenyan government has unveiled a $47 million (Sh 4.7 billion) facility under the Kenya-Off-Grid Solar Access Project (KOSAP).

The financing is aimed at spurring the private sector to provide viable solar and clean cooking solutions to about 1.1 million people in the 14 marginalised counties of West Pokot, Turkana, Marsabit, Samburu, Isiolo, Mandera, Wajir, Garrisa, Tana River, Lamu, Kilifi, Kwale, Taita Taveta and Narok.

A statement from World Bank shows that the Results-Based Financing (RBF) and Debt Facilities under the KOSAP are financed by the bank and implemented by the Ministry of Energy alongside the Kenya Power and Lighting Company (KPLC) and the Rural Electrification and Renewable Energy Corporation (REREC).

“They are intended to ensure that counties that …