Market News

 In a statement, USTDA says that the grant funds a feasibility study that will evaluate the viability of the sites for power generation and examines the best approach for connecting the sites to the national grid.   The five plants are expected to collectively add approximately 17 megawa . . .

 Sub-Saharan Africa needs to get the private sector invested in power generation — and more investment in the transmission sector is “urgent,” says the World Bank in a 2017 report. With 600 million Africans without access to power, the continent faces severe limits to growth i . . .

 The U.S. Trade and Development Agency has announced its support for Saigrene Energy Kenya Ltd., which will help the developer explore the potential for run-of-river hydroelectric projects at five sites in Kenya.   USTDA's support comes in the form of a grant of unspecified value, which . . .

 New York — A new report on Barack Obama's main legacy project for Africa shows it is falling short of his original goal of bringing electricity to 20 million households in Kenya, Tanzania and four other countries by 2018.   Mr Obama's Power Africa initiative, announced in 2013, ha . . .

 It is early evening in Ndabibi village in Naivasha, and there are threatening clouds overhead. Kenneth Njoroge quickly parks his motorcycle by the mud structure that serves as his kitchen and rushes into the main house before the rain starts pounding.   Until recently, Njoroge’s h . . .