Market News

At the inaugural African Climate Summit in Nairobi, President of the European Commission Ursula von der Leyen and President of Kenya William Ruto unveiled the Green Hydrogen Strategy and Roadmap for Kenya, in collaboration with Global Gateway, Europe’s investment initiative for global sustainabili . . .

Kenya is seeking a Ksh21.66 billion ($150 million) loan from the African Development Bank (AfDB) to connect homes to electricity under the 3rd phase of the Last Mile Connectivity project. The AfDB disclosed that the Treasury has applied for the $150 million in a review of the programme to be ro . . .

ACTOM Kenya has launched low-voltage electrical manufacturing plant the company’s Power Technics Complex along Mombasa Road in Nairobi. ACTOM recently acquired the manufacturing facility from existing technology partner Schneider Electric. The factory will manufacture high-quality low-voltage . . .

The government broke ground on the construction of a 35- MW Menengai Geothermal Power Plant in Nakuru County as it seeks to grow clean energy sources. The project was officially opened by Deputy President Rigathi Gachagua on 9th June. President William Ruto's administration is betting on g . . .

• Kenya and Tanzania to establish a $309 million electrical transmission line for importing and exporting electricity.   • The transmission line will have a transfer capacity of 2,000 megawatts, enabling the two countries to share excess power.   • The completion of the Ken . . .