Market News

According to Reuters, the telecommunication filed a proposal with utility Kenya Power for the installation of smart meters with the purpose of reducing non-revenue electricity and enhancing grid monitoring and management. The 330,000 smart meters, transformers, and feeders that Safaricom is pla . . .

The East Africa region is increasingly becoming an area of interest in the eyes of international investors in energy projects from around the world. The recent substantial FDI influx in the East African energy sector has re-ignited the global appetite resulting in the rising number of delegates . . .

Kenya is among countries set to benefit from €80 million ($94 million) funding from the European Union investment arm to increase geothermal power production. The European Investment Bank an investment arm of the EU approved the funding targeting private sector-led geothermal power projects i . . .

When Kenya opened the Olkaria power plant 4 decades ago, it was seen more as a research project than a commercial venture. The facility is located in Hell’s Gate National Park, a barren zone of volcanic rock that is permeated by sulphurous gases and is mainly populated by warthogs and zebras. The . . .

The Energy and Petroleum Regulatory Authority through a statement said the process will assist in spurring investment in mini-grids in the country, to boost electrification in underserved areas distant from the main-grid. The authority said it will conduct a nationwide sensitization and consult . . .