A Kenyan university which has opted for solar-powered energy has achieved a series of remarkable firsts, including a zero-carbon footprint, enormous savings and revenue generating capacity.
Published in African Business, July 2014
While Africa’s private equity (PE) waters are teeming with investors of all shapes and sizes, it is the East African region and its largest economy Kenya, which continues to attract the bulk of attention.
Published in African Business, June 2014
Spiralling energy costs and an increased tax burden have seen the sector’s contribution to the economy (GDP) decline from 11.21% in 2009 to 10.41% in 2012.
The latest data from the Kenya National Bureau of Statistics (KeNBS) shows that the downturn affects all key sectors including sugar, cement, vehicles and dairy, which experienced a month-on-month decline in production of between 2% and 11%.
Published in African Business, December 2013
When India-based Essar Energy announced last month that it would pull out of an oil refining joint venture with the Kenyan government, analysts questioned the move.
Why would a global energy company exit the Kenyan refinery market incurring a 28.5% depreciation on its original purchase price?
Published in Nairobi Business Monthly, November 2013
Her 9th floor office, which is three sides wall and one side glass, offers a panoramic view of the city starting at Nairobi Serena, crossing Central Park and stretching into the busy streets of the Central Business District.
When I watch the traffic from up here, she said, I can see how we are making the situation on the roads worse for ourselves. She turned with a smile, a blue silhouette
against the reflected grey of the glass. It was just one sentence in a conversation of many that morning, and would have been unremarkable if it had come from anyone except Sumayya Hassan-Athmani, Managing Director of National Oil. But as the head of the state corporation in Kenya’s energy sector – a country on the brink of becoming an oil producer – her off the cuff comment was telling.
Published in June 2013
Africa continues to attract interest from international energy companies following the discovery of oil in three countries – Ghana, Uganda and Kenya – in the last five years.
The latest corporate acquisition, the third phase of which was completed last month, sees the creation of a holding group Vivo Energy, through the acquisition of majority shareholding in energy and petrochemicals company Shell by Vitol and Helios Investment partners. Two years in the making, the agreement aims to capitalise on energy opportunities afforded in Africa and simultaneously boost the ability of the flailing Shell brand to regain market share.
Published in Nairobi Business Monthly, March 2013