Tag Archives: costly

Costly fuel, weak currency push up Kenya electricity price

Electricity price in Kenya has risen by 10 percent in the latest monthly adjustment due to higher fuel prices and a weaker local currency. The Energy and Petroleum Regulatory Authority (Epra) has raised the fuel cost charge (FCC) to Ksh8.3 ($0.064) per kilowatt-hour (kWh) up from Ksh6.59 ($0.051) per unit …

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All about the first Black billionaire who rebuilt his wealth after costly divorce settlement

When asked who the first Black billionaire was, few people mention Robert Louis Johnson (Robert Johnson), but they are quick to point Mansa Musa, a 14th-century West African ruler who reigned over the kingdom of Mali more than four centuries before the U.S. Congress on April 2, 1792, Congress passed …

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African airlines stare at $4b loss over costly fuel

African airlines are expected to record a $4.1 billion loss this year on the back of expensive fuel that is eroding the gains made by a recovering business. Africa Airlines Association (AFRAA) says expensive jet fuel and other expenses involved in running the airlines will weigh down on the profits. …

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