How Kenya Power Made Ksh3 Billion From Internet Business
3 May 2021 - 11:16 am
Kenya Power MD Bernard Ngugi and Rai Cement Ltd Group Finance Controller Rakesh Kumar hold a discussion during a tour of Rai Cement in Muhoroni town, Kisumu County
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Kenya Power’s entry into the internet data market has seen the company reap upwards of Ksh3 billion.
Kenyans’ fast-rising consumption of internet data saw the company launch its data operations in 2010 and has laid more than 4,000km for fibre optic cable.
The electric firm uses the cables to operate the national power grid and leases the excess capacity to telecommunications companies.
Privasia buys 60% stake in Strategos Advisory, steps into smart lighting and IoT solutions 16 Feb 2021 / 22:21 H.
PETALING JAYA: Privasia Technology Bhd’s wholly owned subsidiary Privanet Sdn Bhd is acquiring a 60% stake in Strategos Advisory Sdn Bhd (SASB) and has entered in a shareholders’ agreement with SASB shareholders Ng Sau Foong and Mohamad Firhan Mohd Basheer for the purpose of regulating the relationship between the shareholders in SASB.
SASB’s principal activities are providing business management consultancy services, financial consultancy services and other service activities.
Privasia said the proposed acquisition is to venture into the Malaysian market for the provision of electrical M&E, lighting services and Internet of Things (IoT) software development and to undertake the supply all forms of smart lightings including installation and electrical works; provide consultancy for all types of lighting, electrical networks and software infrastructure for IOT