Market News

 African governments should aim to increase power generation 10-fold to give all their people access to electricity by 2030, an effort that would require a big increase in investment focused on renewable energy, a panel of high-profile figures said.   Two in three Africans - around 621 m . . .

 The biggest wind power farm project in Africa located in Turkana in Kenya was officially inaugurated by President Uhuru Kenyatta in a function that saw many investors put their money on renewable energy production specifically on wind energy.   The multi million Turkana wind project whi . . .

In North Africa, Egypt’s New and Renewable Energy Authority (NREA) will soon call for interested bidders to submit proposals for the construction of solar and wind power plants with a total generation capacity exceeding 2,000MW. NREA Head Mohamed Salah Sobky said that the authority receives d . . .

 The Sustainable Energy Fund for Africa (SEFA) announced that it more than doubled its project portfolio last year, with commitments of USD 6.5 million, for 10 new projects all over the continent during the launch of its 2014 Annual Report.   SEFA 2014 highlights include: USD 3.6 million . . .

 NAIROBI: Kenyans living within 600m radius of electricity transformers are taking up the Government’s offer for cheap connection, Kenya Power has said.   Kenya Power Managing Director Ben Chumo said most of those who have applied to be connected are from rural areas.   Dr C . . .