Market News

AFC announces $25m loan for Kenyan energy expansion
AFC announces $25m loan for Kenyan energy expansion
23 January 2015

Multilateral development finance institution, the Africa Finance Corporation (AFC), would provide a $25-million loan, as part of a $150-million senior unsecured syndicated loan facility, to the Kenya Power and Lighting Company Limited (KPLC) to fund the rehabilitation and expansion of Kenya’s . . .

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Grant to boost development of solar power and �mini grids� in Tanzania
Grant to boost development of solar power and �mini grids� in Tanzania
21 January 2015

he Sustainable Energy Fund for Africa (Sefa) has approved a preparation grant for the development of a number of “solar-hybrid mini grids” in rural growth centres in Tanzania, the African Development Bank (AfDB) has announced.21 Jan 2015   The $420,000 grant has been awarde . . .

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Kenya seeks funds to grow power sector
Kenya seeks funds to grow power sector
21 January 2015

NAIROBI – KENYA requires $2 billion (Sh182,5 billion) to generate an additional 5 000 megawatts of electricity in two years. The government would start initiating a proposed 960 MW coal power plant in Lamu before embarking on other power projects to produce 4040 MW to be added to the national . . .

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 Kenya: M-Kopa Solar Wins Sh133 Million Future Energy Prize
Kenya: M-Kopa Solar Wins Sh133 Million Future Energy Prize
21 January 2015

A Kenyan green-energy company has become the first firm in Sub-Saharan to win the Zayed Future Energy prize in the enterprise and SME category. M-KOPA Solar was announced the winner at the opening ceremony of the annual Abu Dhabi Sustainability Week. The Zayed Future Energy Prize brings with it a U . . .

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Uganda: Germany to Fund Kabale Power Dam
Uganda: Germany to Fund Kabale Power Dam
21 January 2015

Germany is to fund construction of the proposed 6.5MW Maziba hydroelectric power dam in the western district of Kabale, Prime Minister Dr Ruhakana Rugunda has said. Rugunda told residents of Kyanamira sub-county recently that a contractor had already been secured for the $12m (Shs 34bn) project on . . .

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