“Tanzania’s national grid, which has an installed capacity of more than 1,900 MW, was suffering from broken infrastructure at gas wells and gas-fired power stations, as well as reduced water levels at hydropower dams,” said Gissima Nyamo-Hanga, managing director of the Tanzania Electric Supply Company (Tanesco).
SEM’s chief executive Sunil Benimadhu said in the exchange’s 2022 annual report that a new automated trading system (ATS) installed last year will allow the integration of foreign intermediaries.
The interest payments are essentially the cost of borrowing money. The borrower makes these payments in addition to paying back the principal on a loan.
The telco said the review, which comes hot on the heels of an August revision of daily total transaction limits from Ksh300,000 ($2,036) to Ksh500,000 ($3,394), takes effect immediately.
New data from the Treasury and the Central Bank of Kenya (CBK) place Kenya’s debt stock at Ksh10.189 trillion ($69.3 billion) at the end of June 2023 in contrast to Ksh8.579 trillion ($58.4 billion) in June last year.
The Nairobi Securities Exchange-listed firm’s disclosure in the latest annual report puts the headcount at 1,408 compared with 1,576 that the beer maker had at the end of June 2022.
The announcement follows scandals that rocked the fund between the Minister of Gender, Labour and Social Development Betty Amongi, and Richard Byarugaba, NSSF former managing director, over allegations of mismanagement of the fund.
Kenya has placed bids to lease sections of Mombasa and Lamu ports to private operators, with landlord-type port management system expected to take place in what is aimed at making the Northern Corridor competitive.
Treasury Secretary Njuguna Ndung’u has disclosed a plan to stop the zero-rating of value-added tax (VAT) on the supply of tens of goods such as maize flour, cooking gas, ordinary bread, medicaments, agricultural pest control products, and animal feeds.
The oil marketer disclosed the losses in its half-year to June report, adding that the local market has since last year been plagued by ‘extreme currency tensions’.
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