Author: Kenyaleo Editorial Team

  • High Token Prices Raises Eyebrows

    High Token Prices Raises Eyebrows

    Kenyans have been complaining about the high cost of tariffs with the government being called upon to cushion Kenyans from such.

    Isaac Ndereva is the Executive Director Electricity Consumers Society of Kenya. and he has lamented the high prices that continue to impoverish Kenyans.

    Mr Ndereva also called upon the government to explore newer energy sources such as wind power or solar.

    “98% of our power comes from hydroelectric and this is risky. For example during the dry seasons we have to undergo constant rationing and the high cost of Electricity which has continued to soar

    He spoke in the sidelines of a public participation of the Energy and Petroleum Regulatory Authority

    Laikipia woman representative Jane Kagiri In a notice motion, Kagiri says that the Kenya Power and Lightning Company (KPLC) has been buying large quantities of power from IPPs at exorbitant prices.

    Instead, she argues that charges would have been lower if the utility company had bought electricity from the Kenya Electricity Generating Company (KenGen).

    “Kenya Power has in the past procured a larger quantity of power from the IPPs at a greater cost, rather than from KenGen, leading to higher cost of power; cognizant of the fact that, there is need to put in place policies, strategies and regulatory measures for better planning to moderate the cost of electricity and enable access to energy by all particularly in the manufacturing sector to ease the cost of production and doing business,” Kagiri says.

    KPLC has proposed a new tariff for domestic consumers that will see power charges rise by between 13 and 20 percent.

    Consumers with a life-line consumption band of below 30 kilowatt-hours (kWh) per month will pay Sh20.5 per unit, up from the current Sh18.14, representing a 13 percent jump.

    Out of the Sh20.5, Sh14 is the consumption charge, meaning Sh6.5 is on taxes and levies.

    The MP wants the National Assembly Departmental Committee on Energy to investigate Kenya Power’s agreements with IPPs and stop new IPP contracts, among others.

    “The Departmental Committee on Energy undertakes an inquiry into the operations of Kenya Power in relation to agreements entered into with IPPs, factors affecting the cost of electricity, including over-reliance on IPPs against available renewable and other energy sources, and measures to reduce it and submits a report to the House within one hundred and twenty (120) days.”

  • LANDS COMMITTEE MEETS WITH ROADS AGENCIES AND NATIONAL LAND COMMISSION OVER THE COMPENSATION FUND

    LANDS COMMITTEE MEETS WITH ROADS AGENCIES AND NATIONAL LAND COMMISSION OVER THE COMPENSATION FUND

    The Departmental Committee on Lands yesterday met with the Eng. Kung’u Ndung’u, Eng. Philemon Kandie, Eng. Kinoti , Mr. Gerrison Omanwa and Ms Kabala Tache, Director Generals of Kenya National Highways Authority, Kenya Rural Roads Authority, Kenya Urban Roads Authority and the Chair and CEO of National Land Commission respectively.

    In a meeting chaired by Hon.Joash Nyamoko met as part of an inquiry into the status of land compensation in the country. MPs queried the total amount of funds owed to NLC from each of the road agencies and the why reasons for the delays in payment of the funds set aside for compensation.

    “Is it fair to Kenyans to acquire their land, demolish their homes and build a road and several years later they are still waiting for compensation? What are you doing to resolve this?” asked Hon. Nyamai.

    While making his submissions, Eng. Kung’u Ndung’u DG, KENHA informed the Committee of the status of 60 projects with various states of compensation. Members learnt that 29 projects are fully compensated with 4.17B awarded. The DG further admitted to owing National Land Commission 35.01B citing continued budget cuts for the past few years affecting payments to the Compensation Fund.

    Documents revealed that the Kenya Urban Roads Authority owes Kshs. 1.828B to the Compensation Fund which forms 9% of the Authority’s bills. The DG, Eng. Philemon Kinoti said delay in exchequer release and limited budget have affected the Authority’s awards to NLC. Additionally, Kenya Rural Roads Authority DG, Eng. Philemon Kandie informed MPs that they owed Kshs 543M. He also cited inadequate budgetary provision for Land Compensation Fund and exchequer delays as reasons.

    Legislators expressed dissatisfaction with the reasons behind the delay in awarding funds to the National Land Commission. “Why don’t you deal with the compensation of land to citizens first before you proceed to constructing projects? “asked Hon. Gideon Ochanda.

    The National Land Commission Chairperson, Mr. Gerrison Omwana , “Indeed what has been tabled by the KURA DG is a true reflection. However, We do not get the compensation funds from State Departments and Agencies upfront as the law dictates.”

    Members of the Committee on Lands agreed compliance and full implementation of Section 107A of the Land Act 2012 should be enforced. Lawmakers further proposed prioritizing land compensation funds as a stand alone budgetary item as well as extensive civic education on the land compensation process.

    The Chair of the Committee informed the meeting further engagement with the State agencies and the National Land Commission to resolve policy challenges and institute reforms that will actualize compensation of land for citizens.

  • Pastor Sue: Let’s Not Go Against The Order of Nature

    Pastor Sue Mûnene, popularly known as the Twa Twa pastor, has added her voice in total condemnation of any purported move to show leniency to the LGBTQ community.

    Only recently, the Supreme Court shocked many and left tongues wagging when the Apex Court okeyed LGBTQ to have the right to association.

    Pastor Sue notes:

    “It’s very wrong to go against the order of nature. By design, the posterior part of our body is designed for exit only. We have a good example when we visit supermarkets or shopping malls. You cannot be allowed to access the shop from the exit area. You have to use the entrance,” Pastor Sue said adding that homosexuality and lesbianism is an abomination in our African and Christian Teaching.

    All eyes are now on Parliament to try and pass legislation challenging the Supreme Court ruling.

  • Infrastructure is at the Heart of Bahati legislator

    Infrastructure is at the Heart of Bahati legislator

     

    It’s true to say that Bahati Member of Parliament Irene Njoki has prioritised infrastructure development as one of her flagship projects in her constituency.

    To demonstrate this commitment, Irene joined other leaders in meeting with the cabinet Secretary for Transport and infrastructure Kipchumba Murkomen at his office.

    The main agenda was to push for completion of stalled projects.

    “Today, I joined leaders from Nakuru City County for a consultative meeting with the Cabinet Secretary for Roads, Transport and Public Works, Kipchumba Murkomen at the Ministry’s head offices in Nairobi.
    Our meeting that brought together leaders across the political divide, focused on completion of stalled infrastructure projects across Nakuru County and also initiation of new infrastructure projects to improve the transport network especially within Bahati Constituency.

    I’m happy the national government has committed to complete the expansion of the Lanet airstrip and the construction of a civilian terminal at the airstrip. This will be crucial to our people who transport horticultural products and other goods to various destinations.”

  • STANBIC HOLDINGS PLC REPORTS KES 9.1 BILLION PROFIT IN 2022 AND A 55% DIVIDEND PAYOUT

    STANBIC HOLDINGS PLC REPORTS KES 9.1 BILLION PROFIT IN 2022 AND A 55% DIVIDEND PAYOUT

    • Profitability grew by 26% bolstered by double digit growth in revenue and customer loans, increased operational efficiencies and judicious risk management.
    • Newly appointed Chief Executive signals a new business growth strategy phase.

    Stanbic Holdings Plc has announced a KES 9.1 billion after-tax profit for its financial year ended 31 December 2022.

    The listed financial services provider, a member of Standard Bank – the leading African Financial Services Group – attributed the 26% after-tax profit growth to strong revenue and balance sheet growth.

    Stanbic Kenya and South Sudan’s Chief Executive, Mr. Joshua Oigara said the firm’s strategic plan formulated and adopted three years ago continues to facilitate growth and organizational resilience. He noted that the strategic plan founded on digital innovations for service delivery, enhanced consumer experience and increased operating efficiencies had translated to an accelerated balance sheet growth.

    “Despite the uncertain and challenging operating environment last year, the business delivered strong results, thanks to focused execution across our strategic plan. The plan is anchored on catalytic growth pillars such as customer service excellence and technology integration to boost operating efficiencies. We can see the payoff whilst providing a good launchpad for the next three-year strategy to be unveiled later this year,” Oigara said.

    Buoyed by a diversified portfolio of corporate, commercial, investment and retail banking financial solutions, the lender posted a 28% revenue growth to close at KES 32 billion in the period under review. Customer deposits increased by 12% to stand at KES 272 billion, while loan and advances to customers were up 27% to close at KES 236 billion, highlighting the Bank’s commitment to supporting economic growth and development.

    Shareholders at the Nairobi Securities Exchange (NSE) listed firm will, subject to approval at the next Annual General Meeting, enjoy KES 4.98 billion in dividends, being 55% of the 2022 profit after tax and representing a 40% increase in total dividend payment from previous year’s KES 3.56 billion.

    Stanbic Holdings Chief Financial and Value Officer Mr. Dennis Musau noted that the significant progress on its strategic plan and requisite measures made by the Bank over time have cumulatively contributed to its strong growth momentum.

    “Over time, we have made investments to drive faster customer acquisition, efficient and convenient service and internal operational efficiency. The outcome of these efforts is evident in our Cost to Income ratio which reduced from 50.9% in 2021 to 46.7% in 2022, boosting our Return on Equity to 15.3%, up from 13.3% in 2021.” said Mr. Musau.

    “Along the same grain of customer focused investments, as the East African region continues to thrive as one of the fastest growing regions on the continent, Stanbic launched borderless banking in 2022 which enables customers to transact seamlessly and real-time across Kenya, Uganda, Tanzania and South Sudan. To date, this platform has facilitated more than USD 800M worth of transactions across the countries and contributed non-funded revenue to the bank” Musau added.

    Stanbic has been intentional in its focus on diversity and inclusion, with a specific focus on women. Through the Dare to Aspire Dare to Achieve (DADA) platform, the Bank has committed KES 20 billion (approximately USD 185 million) to finance women. Since its launch 3 years ago, the platform has attracted more than 53,000 new to bank ‘Dadas’ and disbursed loans amounting to KES 7.7B.

    Stanbic has consistently funded Micro, Small and Medium Enterprises (MSMEs). As at end of December 2022, the Bank issued a cumulative of KES 33 billion to these entities under its Business and Commercial Banking business segment. In addition, through the Stanbic Foundation and strategic partners, the Bank disbursed KES 76 million in grants and catalytic funding to over 400 MSMEs in the country.

    The Bank continues to change and transform the community through their Social, Economic and Environment (SEE) initiatives aligned to the United Nation Sustainable Development Goals (UNSDGs). Stanbic Bank’s SEE initiatives are championed by the Stanbic Kenya Foundation and are focused on economic empowerment, financial inclusion, promotion of education and health. The Foundation’s Accelerate Program has been instrumental in positioning Kenyan businesses for success by addressing digital skills gaps, boosting entrepreneurship and enhancing employability of beneficiaries through digital literacy and upskilling, career development, and access to grant funding and job markets. The milestones achieved have been as a result of working together with partners in the development, public and private sectors.

    As a trusted financial institution, the Bank’s contribution has been recognized through various awards such as Kenya’s Best Investment Bank, Best Trade Finance Bank, KEPSA Gender Mainstreaming Award (The Women on Boards Network, 2022), Financial Leadership Award Winner (Women Business Awards 2022) and Overall winner of the Financial Reporting Awards (FIRE Awards, 2022).

    In December 2022, Stanbic Board of Directors appointed Mr. Joshua Oigara as Chief Executive of Stanbic Bank Kenya, and South Sudan, following the retirement of Mr. Charles Mudiwa, after two decades of illustrious service to the Standard Bank Group. Mr. Oigara’s leadership will be instrumental in driving growth and development of the Bank, as he steers its growth momentum, investment in digital transformation, and contribution to the prosperity of the communities it serves.

  • LG Empowers Social Groups in Nairobi And Makueni To Promote Growth And Self-Reliance Of Local Communities

    LG Empowers Social Groups in Nairobi And Makueni To Promote Growth And Self-Reliance Of Local Communities

    ·         The empowerment is courtesy of the 3rd edition of LGs Ambassador Challenge which will see three finalists walk away with Ksh.1,000,000 million that will go towards solving social issues in the communities in which they reside.

    ·         This year’s challenge was part of LG’s overarching vision that sees various aspects of society working together to achieve a better life for all

    Three social groups based in Nairobi, and Makueni counties have emerged as the 2023 winners of the LG Electronics Ambassador Challenge that seeks to promote the growth and self-reliance of local communities.

    The three, Vonde Welfare, Kenya Women and Children Centre, and Little Voice Deep Within, emerged winners beating 52 applicants from across the country analyzed based on necessity, effectiveness, efficiency, concreteness and Manageability. This follows a rigorous application and selection process that kicked off in January this year in partnership with Korea Food For the Hungry International (KFHI)

    The three will each receive Ksh.1,000,000 million which is the main prize that will go towards solving social issues in the communities in which they reside.

    Giving his remarks, LG Electronics EA Managing Director, Lee Dong Won said, “Communities thrive when their members are empowered to take control of their growth and development. The success of the LG Ambassador’s challenge in promoting the growth and self-reliance of local communities is a testament to the power of innovation and collaboration. Congratulations to the winners for their inspiring solutions and to all participants for their dedication to building stronger, more resilient communities. It is my plea to all of us, that we continue to support and invest in initiatives that empower local communities to take charge of their destiny.”

    Of the three groups, Vonde Welfare seeks to offer solutions to water challenges facing Makueni residents from Vonde area in Mbooni Sub-County. Most of the affected residents are single mothers, school-going children and women whose husbands work far away from the area in such of greener pastures. The area is on top of a hill hence the water table is very low causing residents to walk kilometres away in such of water.

    “Through this capital, we intend to mitigate the challenge of scarcity of water in the area during dry seasons to at least 50-80 families, reduce the workload of fetching water from a long distance thus creating more time for attending to family chores and looking for support to feed families by mothers who are most affected in more than 60 families and finally increase the concentration of children by more than 200 in schools which has been a major challenge in the area since most of them spend time looking for water. We are elated to be a finalist and we look forward to making a difference”. Said James Kalulu Muthoka, Vonde Welfare representative.

    On the other hand, the Kenya Women and Children Centre based in Nairobi aim to use the funds to assist in reducing the raising cases of Gender-based Violence in the country by educating the public on how to respond and prevent the illness. “This will be done through capacity building, Economic empowerment, training, clinical, Psychosocial shelter and legal assistance in our facility in what we have dubbed as a one-stop centre”. Said Judy Nzioki, Kenya Women and Children Centre representative.

    As part of their solutions agenda, the social group seeks to leverage the capital to safeguard and protect the rights and well-being of communities through GBV prevention to 400,000 direct beneficiaries, reduce the risk of GBV reoccurrence by 40 per cent through economic empowerment and safe shelter, and finally improve access to GBV services (medical, psychosocial care and legal access) by at least 20 per cent of the number of GBV survivors.

    The third group Little Voice Deep Within based in Kariobangi South, Nairobi seeks to empower vulnerable children through environmentally friendly interventions. Currently, the group manages a small community library where vulnerable children from the vicinity with neither access to reading materials nor a place to be able to read are welcomed every Saturday to both borrow a book as well as read.

    In his submission, the group’s representative, Erick Wiclife Odhiambo said, “Our dream is to expand our community library model across other informal settlement and resource-limited contexts. We seek not only to nurture and revive a reading culture but also to create a child-friendly safe space within which the little voice deep within will be awakened, that little voice deep within that always tells you to do good. We also seek to nurture the nascent talents of targeted children by empowering them with environmentally friendly skills in arts and creativity train thus contributing not only to their integral development but an improved awareness of caring for mother earth. Some of the skills include knitting, weaving, perspective drawing, form drawing and handcrafting”.

    The group intends to use part of the funds to set up a digital library and accommodate more students, especially during the holiday season.

    The three groups are expected to execute their ideas in three months once they are awarded. To ensure due diligence, a follow-up will be made by the Programme manager and key partner of the challenge, KFHI.

    To bring the solutions to life, KFHI will plan, support, and implement customized project progress and monitoring according to the location of the project screening, project community selection, and the characteristics of the selected teams (including organization, operation, and capabilities) through the competition.

  • Education Secretary Hon. Machogu explains why there’s a shortage of textbooks in Junior Secondary School

    CS Ezekiel Machogu during the Senate committee to explain why there’s a shortage of textbooks in JSS.
    CS Ezekiel Machogu during the Senate committee to explain why there’s a shortage of textbooks in JSS.

    Education cabinet secretary, Hon. Ezekiel Machogu appeared before the senate committee to explain why there has been a shortage of textbooks in Junior secondary schools, yet the government promised to deliver them.

    While making an appearance before the Senate Education Committee, the CS revealed that publishers have been slow in their work, hence the shortage.

    He stated,” Quite a number of JSSs have got their books, but I want to convey that we have not been able to give all the schools up to now.”

    Machogu stated that it’s not the government’s fault to deliver at the moment.

    “It is not the Ministry’s fault, but the publishers who have been slow in publishing and distributing what the schools requested,” he added.

    He explained that the government had already put in place had already invested Ksh3 billion, which is nearly 17.8 million textbooks, that they know will be enough for every public JSS in Kenya.

    The senator further questioned why, the schools are yet to receive funds and the money has already been signed out.

    Nominated Senator Hon. Tabitha Mutinda posed, “Many schools are yet to receive capacitation for learners, which has hampered learning. What has occasioned the delay, yet money has already been disbursed to the Ministry?”

    Machogu defended the ministry saying that plans for disbursement are underway and by next week, every school will have received the funds.

    He stated, “We cannot give out funds on guesswork. We had to get the specific figure to capture it in The National Education Management Information System (NEMIS).”

    “We did this to avoid the government losing money, and by next week, the schools will start receiving capacitation,” he added.

  • How George of Optiven cares for his clients

    How George of Optiven cares for his clients

    George Wachiuri, Founder and Chief Executive Officer of Optiven Group is very caring.he notes

    “ACHIEVERS PARADISE AWAITS

    Achievers Paradise by Optiven is located in the serene and beautiful Kimuka area in Ngong, providing a perfect place to own a piece of property and achieve your dream of homeownership.

    This project is designed to meet the needs of people who are looking to own property in a serene and peaceful environment. The project is set to be a master-planned community that will consist of residential and commercial plots.

    Investing in Achievers Paradise is the right cause of action because it provides an opportunity to own a piece of property in a rapidly developing area.

    Residential Plots (1/8th acre) go for Kshs 1.995M whereas commercial plots go for Kshs 2.495M (1/8th acre) and touch the tarmac.

    Call us on 0790 300 300/ 0723 400 500

  • Huawei receives coveted award for Innovative Rural Connectivity

    Huawei receives coveted award for Innovative Rural Connectivity

    Huawei Technologies’ RuralLink solution designed to enhance mobile and internet connectivity in remote areas, has received recognition as the ‘Best Mobile Innovation for Emerging Markets’ at the Global Mobile awards organized by the GSM Association. The award’s citation noted Huawei’s role in promoting the advancement of the human race through technology that reaches everyone. The technology has been deployed in Kenya’s

    It noted that ubiquitous mobile network coverage is critical for improving education and healthcare, and plays an important role in eradicating poverty, and protecting the environment. Huawei’s RuralLink uses solar panels to solve the difficulties associated with connectivity.

    In the areas where fiber is difficult and costly to deploy, RuralLink uses microwave to replace optical fibers, which reduces network construction costs and power consumption that are considered some of the most important costs for such projects.

    Speaking when he received the award, Aaron Jiang, President of Huawei’s Wireless SingleRAN Product Line, said that the firm was consistently developing scenario-based coverage solutions for remote areas. Stating that more than half of Kenya’s population still have no access to mobile Internet, and among those, nearly 30 are not even covered by mobile broadband networks, Aaron explained that this provided an opportunity for Huawei to explore innovations that expand mobile broadband to connect the unconnected.

    “RuralLink’s antennas allow green, simplified, and evolvable rural sites, and extend experience-guaranteed coverage to remote areas, enabling experience upgrade for more people, villages, and small and medium-sized enterprises,” he added.

    Aaron pointed out that rural connectivity to the mobile and internet networks is a prominent factor that aligns with the 5 United Nations Sustainable Development Goals (SDGs) — No Poverty, Good Health and Well-being, Quality Education, Reduced Inequalities, and Climate Action.

    He explained that Huawei’s RuralLink solution uses innovative unique technologies to address challenges in rural communications, and provides ubiquitous coverage with ultra-low cost and power consumption. It is also the industry’s first to use microwave fronthaul technology.

    Furthermore, remote sites can share baseband resources of existing base stations, eliminating the need to deploy independent baseband units. One RRU and one Channel Expand Antenna are capable of achieving three-sector coverage. With one-off deployment, RuralLink can currently support 2G, 3G, and 4G services that can evolve to 5G, providing long-term experience-guaranteed coverage for rural areas.

    In line with inclusive development, Huawei continues to follow through on innovations in technology that helps remote areas improve digitalization, bring digital life to all people, and promote the balanced development of the global digital economy.

  • Hon Nimusimu’s Thoughts on women’s power

    Hon Nimusimu’s Thoughts on women’s power

    Kwale Woman leader Nimusimu Mwasina took a moment to share her thoughts on women’s power.

    “Women are never weak because God has made them strong in every sense. Women are strong pillars of their families, societies, and communities as well. A home without a woman is not a complete home. Women have a lot of strengths in all aspects of life. Women have ample space in their development and the general development of this country in all spheres – Social, cultural, economic, and political empowerment of women is one thing that is moving women from the bottom of the pyramid to the top. Women are nowadays in every field of the economy. Women are taking active roles in leadership and this has brought a lot of changes in governance. We do have 7 female governors, a Chief Justice, judges, Chief Executive Officers, and Legislators, among others. All this is due to the active roles they play in leadership and a manifestation of their great potential.
    Happy International Women’s Day