Market News
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Kenya and China Sign a Memorandum of Understanding on Nuclear Energy Development
Posted on :Monday , 24th March 2025
A Memorandum of Understanding (MoU) has been signed between China and Kenya for the project's first nuclear power facility. Signed by the China Nuclear Engineering and Construction Corporation (CNECC) and the Nuclear Power and Energy Agency (NuPEA), the agreement aims to advance nuclear energy research, innovation, and technology transfer.
Kenya's technical ability to carry o. . .
Trade, Investment, and Clean Energy Will Be Discussed By the UK Minister for Africa during His Visit to Tanzania
Posted on :Monday , 3rd March 2025
The British High Commission in Dar es Salaam released a statement on February 18, 2025, stating that the visit is the first by a UK minister to Tanzania since the new UK administration took office in July of last year and intends to expand ties in trade, investment, sustainable energy, and health.
Collins will tour the Port of Dar es Salaam during the two-day visit, the state. . .
Kenya Power Reaches a New Peak in Electricity Demand of 2,316 Megawatts
Posted on :Monday , 24th February 2025
Kenya Power has surpassed the previous high of 2,304 MW achieved in January to reach a peak of 2,316 MW on February 12, 2025, setting a new record for energy demand.
This spike in demand is indicative of a significant increase in the nation's energy usage, which is being fueled by large infrastructure projects, continuous system improvements, and the addition of more than 198. . .
Transformative Ksh. 1 Billion Last Mile Connectivity Energy Project Launched by President Ruto
Posted on :Thursday , 30th January 2025
The goal of President William Ruto's Ksh. 1 billion Last Mile Connectivity Energy Project in Busia County is to increase access to power in underprivileged areas. By improving 148 transformers, this project is expected to alter the region's electricity delivery and benefit almost 20,000 residents.
The president committed to supply dependable and reasonably priced electricity,. . .
Nationwide Electric Vehicle Charging Network to be Installed in Ethiopia
Posted on :Wednesday , 29th January 2025
The Ethiopian Petroleum and Energy Authority plans to build charging stations for electric vehicles every 50 to 120 kilometers across the country. The goal of this program is to facilitate long-distance travel and encourage the increasing use of EVs.
According to Bahru Oljra, Executive Director of Energy Sector Control, a new directive has been approved which outlines licensi. . .
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