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I&M parent firm invests Sh396m in Mauritian unit

I&M parent firm invests Sh396m in Mauritian unit
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Ethiopia deal earns KenGen Sh440m

Ethiopia deal earns KenGen Sh440m Summary The earnings were booked by KenGen Ethiopia a branch set up by KenGen in 2019 to facilitate the execution of commercial consultancy and drilling services contract signed with Tulu Moye Geothermal Operations. KenGen managing director Rebecca Miano made the disclosure in the latest annual report, adding that the firm also plans to start drilling services for the Aluto-Langano project also in Ethiopia. Friday April 09 2021 By PATRICK ALUSHULA Summary The earnings were booked by KenGen Ethiopia a branch set up by KenGen in 2019 to facilitate the execution of commercial consultancy and drilling services contract signed with Tulu Moye Geothermal Operations.

State asks KenGen to stop Kenya Power debt pursuit

State asks KenGen to stop Kenya Power debt pursuit Summary The government has asked KenGen and other suppliers of Kenya Power not to enforce collection of billions of shillings they are owed by the electricity distributor. The move comes after the utility firm defaulted on the suppliers as its finances deteriorated further. Monday April 05 2021 By VICTOR JUMA Summary The government has asked KenGen and other suppliers of Kenya Power not to enforce collection of billions of shillings they are owed by the electricity distributor. The move comes after the utility firm defaulted on the suppliers as its finances deteriorated further.

NBV s new investment deal to cut Delta Stake

NBV’s new investment deal to cut Delta Stake Tuesday April 06 2021 By PATRICK ALUSHULA Summary The Nairobi Securities Exchange-listed firm which started off as a shoe-seller has already informed the Capital Markets Authority (CMA) about the impending deal. The firm’s founder and now board member Abutola Vasu told the Business Daily that the deal will be a merger, with the potential investing companies’ assets and business lines expected to become part of NBV. Nairobi Business Ventures #ticker:NBV (NBV) is eyeing a new buyout deal that is expected to cut the stake of top investor, Delta International FZE, in the firms’ latest bid to diversify business lines.

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