EABL set to reduce its carbon emissions by 95 percent annually

East African Breweries PLC (EABL) will reduce its carbon emissions by 95 percent annually as a result of Ksh. 5.1 billion renewable energy investments in its plants in Kenya and Uganda, the company has reported. The investment in biomass plants will replace heavy fuel oils used at the company’s sites in Ruaraka, Kisumu in Kenya and Port Bell in Kampala and will be powered by sustainable raw materials such as macadamia shells, coffee and rice husks and sugarcane bagasse. The shift will cut its carbon emissions by 42,000 tonnes per…

AERC’s flagship Biannual Research Workshop to focus on African Economies’ Recovery Agenda

With African Economies: Recovery Agenda from Multiple Shocks as its theme, the African Economic Research Consortium’s (AERC) 57th Biannual Research Workshop kicks off with a plenary session beginning at 9:00 am on Sunday, 27 November 2022 at Trademark Hotel in Nairobi, Kenya. The Welcoming and opening Remarks will be delivered by Professor Théophile T. Azomahou, Acting Executive Director and Director of Training, AERC; Professor Ernest Aryeetey, Chair of the AERC Board, and Hon. Professor Njuguna Ndung’u, Outgoing Executive Director, AERC and Cabinet Secretary, The National Treasury and Planning, Government of Kenya. These remarks will…

Mogo, Platinum And Premier Credit Exposed: How a Sh16,000 Loan Accumulated Into Sh250,000 With Unexplained Interests

In 2017, John Mwangi had a medical emergency, his brother had been admitted to hospital. Broke and desperate, a friend referred him to Platinum Credit, a micro-finance that offers instant loan with motor vehicles acting as security, now a simple loan of Sh 16,000 has morphed up into Sh 250,000 with unexplained interests even after completing his payment last year on June. ‘’I wonder how they do their computation on principal amount and interests.Now my motor vehicle has been auctioned that I had offered as the security.Platinum Credit motive is…