Kenyan Lawmakers Call for Investigation into Independent Power Producers Amid Rising Energy Concerns

In a significant development in Kenya’s energy sector, lawmakers from the National Assembly have formally requested a comprehensive investigation into the operations and contracts of Independent Power Producers (IPPs) operating in the country. This action comes amid escalating concerns over the skyrocketing cost of electricity, which has become a pressing issue for both consumers and the government.

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Brazil's Inflation Takes a Hit as Electricity Prices Soar

In a surprising turn of events, Brazil's inflation rate has shown a significant uptick, primarily driven by soaring electricity costs. Recent data from the country’s statistical agency has revealed that consumer prices increased by 0.56% in September, marking a notable rise from the 0.23% observed the previous month. This surge has raised concerns among economists and policymakers regarding the potential implications for the broader economy.

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