Market News

 Powerhive East Africa which is an American energy technology venture is yet to become Kenya’s first licensed private utility to sell power to the public, leading to and end of a half-century monopoly by Kenya Power electricity firm.   In the beginning of this year, the government . . .

Kenya is a model investment destination in Africa, founder and CEO of the Virgin Group Sir Richard Branson said Saturday. Sir Branson made the remark when he led a group of investors in talks with President Uhuru Kenyatta at his Harambee House office. The meeting explored how to make the most o . . .

 The African Energy Commission has concluded and issued a provisional license to Aggreko plc to boost power generation in Ghana by putting up a power generating plant at Esiama, in Ellembelle District. The power plant is expected to generate between 40-50MW of power for a start and later augmen . . .

Construction of the Lake Turkana Wind Power project at Loiyangalani in Marsabit County, has kicked off with the inauguration by President Uhuru Kenyatta, last week.   The project, expected to inject 310 megawatts of sustainable clean energy, is a private sector flagship project of Vision 2030 . . .

 Kenya’s renewable energy sector is set for a boost in September when a solar microgrid company plans to become the country’s first licensed private utility to sell power to the public, ending a half-century monopoly by the State electricity firm.   Earlier this year, the Gov . . .