Market News

Energy CS Charles Keter yesterday commissioned the Dadaab power station.   It will provide electricity to more than 200,000 people have electricity connection under the Rural Electrification Programme.The project is co-funded by UNHCR and the Kenyan government for Sh200 million. Dadaab and ne . . .

 American engineering firm Cummins Inc has set October as the date to begin generating electricity from a toxic shrub popularly referred to as ‘Mathenge,’ after more than two years of false starts blamed on mechanical hitches.   The Columbus-based company said it is working t . . .

The construction of an alternative main power transmission line will restart soon and be complete by November to end nationwide power outages like the one experienced over the weekend. The set up of the Sh2.64 billion, 400-kilovolts Suswa-Nairobi power line under the project will help address devas . . .

Industrial & Commercial Bank of China (ICBC) and Standard Bank of South Africa have concluded a deal to finance a $2-billion, 1 000 MW Amu coal-fired power plant, in Kenya.   ICBC, which has committed $1.2-billion to the project, has a 20% stake in Standard Bank, which will make available $30 . . .

Arusha — Brazil, an economic giant of South America, is keen to promote stronger economic ties with East Africa, its ambassador to Tanzania Carlos Alfonso iglesias Puente revealed here on Tuesday.   "The Brazilian business community already has a significant presence in Tanzania and Ken . . .