Market News

 The construction of Nyagak III Small Hydro Power Project in Uganda is set to commence soon, this is after the Ugandan Government and a German firm signed a US$ a 1.8m agreement.   The agreement which was signed by Uganda Electricity Generation Company Limited (UEGCL) on behalf of the go . . .

 Lekeka Power has signed a memorandum of Understanding for the construction of a wind power plant in Egypt.   Actis Fund and Lekela Power signed the MoU in the presence of  President Abdel Fattah Al-Sisi. Actis Fund also discussed future investment activities with the Egyptian Elect . . .

 A consortium led by the German engineering group Siemens has won a contract to build a 1,000 kilometres high voltage power line linking Kenya and Ethiopia. The firm will partner with Spain’s Isolux Corsan to put up the line that will transmit 2,000 megawatts (Mw) hydropower from Ethiopia . . .

 The construction of wind power projects in Egypt has received a major boost after African Development Bank (AfDB) agreed to extend a loan of US$50 towards the projects. The project will be constructed by Egyptian-Emirati  company.   AFDB says it will finance Egypt’s share in . . .

 Chase Bank and the French Development Agency have signed a US$ 10.8m loan to finance renewable energy projects in Kenya. Chase Bank Chief Executive Paul Njaga confirmed the reports and said that the money will be lent to businesses that want to invest in renewable energy technologies projects . . .