Market News

 Development finance institutions (DFIs) remain the big beasts in developing infrastructure and other major projects in much of Africa. The ‘blending’ of public and private finance has become a preoccupation for traditional donors looking to leverage their grants and loans to produc . . .

A total of 443,254 new customers were connected to the national electricity grid in the 2013/2014 financial year, the Energy ministry has told a parliamentary committee.   At the same time, the Rural Electrification Authority plans to have 6,065 primary schools supplied with electricity by th . . .

 After eight years in the pipeline, the 300MW Lake Turkana wind power project finally signed financing agreements worth €498m ($687m) on 24 March. The much-publicised project, described as the largest private investment in Kenyan history, has the support of a wide range of financiers, led . . .

  Ministry of Energy and Petroleum cabinet secretary Davis Chirchir has said that negotiations with the African Development Bank (AfDB) for a KSh60bn ($680m) loan for a project to expand access to electricity from 32% to 70% over five years are at an advanced stage and should be completed by D . . .

American companies should compete to develop power projects if Kenya is to get a bigger chunk of funds under Power Africa, according to Energy and Petroleum Cabinet Secretary Davis Chirchir.   Power Africa is an initiative by the American government to help double access to electricity in Afr . . .