Market News

  • Kenya And China Jointly Host A Regional Workshop On Petroleum Engineering In Luban

    Posted on :Tuesday , 17th August 2021

    Kenya's energy sector is expected to undergo huge changes following the opening of the country's second Luban Workshop at Taita-Taveta University, which will concentrate in petroleum and petrochemical engineering.

    This new venture is part of a long-term cooperative goal to establish a technical workforce to help the country better utilise the Blue Economy's potential.

    Ambassador S. . .

  • Kenya, Tanzania Signs Over $1B Gas Pipeline Agreement

    Posted on :Thursday , 15th July 2021

    Kenya and Tanzania, after years of tense relations, have inked a multibillion-dollar gas pipeline agreement.

    Tanzanian President Samia Suluhu visited Kenya for the first time to sign the agreement, at the invitation of Kenyan counterpart Uhuru Kenyatta. 

    “We are friends in East Africa. Kenya leads in investments in my country Tanzania, and has invested in 5. . .

  • Kenya secures US $13m for Mombasa LPG project

    Posted on :Thursday , 17th June 2021

    Kenya has secured US $13m for the construction of the Mombasa liquefied petroleum gas (LPG) import and storage terminal project

     

    The funds was injected by the International Finance Corporation (IFC)– World Bank private financing arm. Mombasa Gas Terminal (MGT) Managing Director Eng. Julius Riungu confirmed the report and said the funding paves way for the co. . .

  • Sh2.5 billion loan has been approved for the construction of a gas hub in Mombasa, Kenya.

    Posted on :Tuesday , 15th June 2021

    Mombasa Gas Terminal Limited (MGT) has received a Sh2.5 billion loan from the World Bank's private lending arm to build a liquefied petroleum gas terminal in Mombasa's port.

    The International Finance Corporation announced the money on June 2 after the company received regulatory approval from the national and county governments to start building.

    "The second phase will complete th. . .

  • Kenya And Tanzania Have Resurrected A $1.1 Billion Gas Export Pipeline Scheme

    Posted on :Tuesday , 18th May 2021

    Kenya and Tanzania have signed a deal in Nairobi that could resurrect plans to build a new pipeline to transport gas from Dar es Salaam to Mombasa.

    Tanzanian President Samia Suluhu Hassan and her Kenyan counterpart Uhuru Kenyatta signed a tentative agreement covering the transport of gas from Tanzania for use in power generation and, possibly, cooking and heating, during their state visi. . .

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