Market News

 A recent Gas discovery in Egypt is likely to put the country back to its former position where it used to export energy. This follows the discovery of huge Zohr natural gas field at the coastline of the country.   Discovered by oil exploration company Eni, The move will see the country . . .

Kenya Power has posted a 6 per cent increment in net profit to Sh7.43 billion for the year ended June 30.   Net earnings for the previous year stood at Sh6.99 billion.   The utility's jump in profits was supported by increased electricity sales and a review of the electricity tariff th . . .

 A consortium that is tasked with the construction of a coal fired power plant in Kenya  Amu power, has confirmed that the building of the plant in Lamu will commence next year in January.   Amu Power is a company formed by a consortium of Centum and Gulf Energy.   The commun . . .

 The African Development Bank Group (AfDB) has boosted electricity access in rural Uganda following the approval of  US$ 121m loan to finance the project.   According to AfDB, the funds are expected to help in the improvement of livelihoods, growth of the economy and allow access to . . .

Many African countries are in the grip of a nuclear fad. They believe nuclear energy will bring with it an international currency of prestige. Countries with nuclear energy programs are seen as rich and technologically advanced and as a result possess advanced status compared to other developing cou . . .