MOMBASA - Undersea fibre optic cable finally arrives
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Saturday, March 7, 2009
Monday, March 2, 2009
2008 has been a year with high prices and cost of living factors in the news. From the post-election violence in January to the (then) world oil prices, the pinch has been felt in Kenya. The same year witnessed the most horrific post election violence in east Africa.
Maize flour which is used to make Ugali, that is eaten by a majority of Kenyans daily. A 2 kg. Unga pack at Uchumi today costs Kshs. 97 which is 1/3 more than the Kshs. 3years ago.
Fuel: Litre of petrol fuel (at local petrol station) is now Kshs. 92.7 ($5.40 gallon) which is about 10% cheaper than the Kshs. 101.50 seen last time. While that is still higher than it was at the beginning of the year, and oil prices are down over 60% from the record highs of mid-2008, it is remarkable that for once fuel prices have reduced. In the past they have merely stagnated and oil companies, not passed on savings to consumers, but the threat of the government to regulate the prices, and a sustained media campaign (web/radio) has resulted in a slight reduction in petrol prices. Well shell Kenya announced a reduction at the pump by fifteen Kshs (How many weeks after the fall in the world crude oil purchases?)
Electricity
KPLC a monopoly nothing has changed inefficiency and bureaucracy.with a fuel surcharge reduction yet to be effected. High electricity prices have been a major cause for concern among Kenyan companies leading to President Kibaki to call for a reduction in the taxes levied on petrol prices and electricity.
Maize flour which is used to make Ugali, that is eaten by a majority of Kenyans daily. A 2 kg. Unga pack at Uchumi today costs Kshs. 97 which is 1/3 more than the Kshs. 3years ago.
Fuel: Litre of petrol fuel (at local petrol station) is now Kshs. 92.7 ($5.40 gallon) which is about 10% cheaper than the Kshs. 101.50 seen last time. While that is still higher than it was at the beginning of the year, and oil prices are down over 60% from the record highs of mid-2008, it is remarkable that for once fuel prices have reduced. In the past they have merely stagnated and oil companies, not passed on savings to consumers, but the threat of the government to regulate the prices, and a sustained media campaign (web/radio) has resulted in a slight reduction in petrol prices. Well shell Kenya announced a reduction at the pump by fifteen Kshs (How many weeks after the fall in the world crude oil purchases?)
Electricity
KPLC a monopoly nothing has changed inefficiency and bureaucracy.with a fuel surcharge reduction yet to be effected. High electricity prices have been a major cause for concern among Kenyan companies leading to President Kibaki to call for a reduction in the taxes levied on petrol prices and electricity.
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