TotalEnergies —the second biggest oil marketer in Kenya— had disclosed that it took Sh14.5 billion worth of short-term loans in the year ended December 2022 as working capital requirements increased sharply on the back of higher fuel prices. The company disclosed that the finance costs...
The initial premiums had been blamed for being a significant contributor to the high pump prices last year when fuel costs breached Sh200 per litre for the first time in Kenya’s history. Uganda was in the meantime pushing for legal changes that would allow the Uganda National Oil Compa...
We have witnessed airlines raise fuel surcharges over and over again for no apparent reason. These increases don’t affect customers paying for their tickets outright, because the ticket prices remain the same while surcharges increase. The only people that feel these fuel surcharges areaward t...
Moner-Girona M et al (Oct. 2019) Decentralized rural electrification in Kenya: speeding up universal energy access. Energy Sustain Dev 52:128–146. https://doi.org/10.1016/j.esd.2019.07.009 Article Google Scholar Mahapatra S, Dasappa S (2012) Rural electrification: optimising the choice bet...
Access to reliable energy services is increasingly seen as a prerequisite for well-being and human development. Copious research documents the negative consequences that occur when nations specialize in natural resource production, creating a “natural r
Haiti, Holy See (Vatican City State), Honduras, Hungary, Iceland, India, Iraq, Ireland, Israel, Italy, Ivory Coast, Jamaica, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Macedonia, Madagascar, Mal...
February 1, 2022 to December 31, 2022, both days inclusive. If you have any questions about the tax, please contact your sales representative or reach us at the enquiry hotline on your TNT invoice. Additional GST for shipments imported from India under TNT account (effective September 1, 202...
They argue that oil-rich nations often suffer due to the inherent instability of com- modity prices and that, in many nations, foreign interests own or have significant influence on oil extraction. This causes a situation wherein oil-producing nations are una- ble to retain and reinvest much...
pending approval National Bank of Kenya sale to Access Bank delayedKenya Commercial Bank CEO Paul Russo says the initial September deadline was “ambitious”.
Fuel consumption between July and September plunged to the lowest level in at least five years, with the decline coming amid increased taxation that negated the benefits of a drop in global prices, with local pump prices crossing the Sh200-mark for the first time....